Samsung invests in autonomous driving technology

Samsung steps up push into autonomous driving technology

    Samsung electronics Co. aforesaid Thursday it'll invest seventy five million euro ($89 million) in TTTech, a Vienna, Austria-based company that produces autonomous driving technologies and safety controls for Audi cars et al., stepping up its push into autonomous driving technology.

    The new autonomous driving investment comes when the South Korean company completed its acquisition of Harman, that makes automobile navigation systems and technology for cars to communicate with each other and infrastructure. Samsung also declared that it's created a business unit within Harman to oversee autonomous driving.

Samsung invests in  autonomous driving technology

     Samsung's investment in TTTech is that the 1st from a $300 million fund aimed toward adding to its autonomous driving technology. Samsung says the fund will invest in automotive start-ups.

     Samsung is that the world's largest maker of memory chips and smartphones. It doesn't manufacture vehicles or own an car company however it acquired licenses to control self-driving cars in South Korea and in California to check autonomous driving software package and hardware.