Mexican Media Brands
UPDATE: Samsung to Create Autonomous-Tech Unit, Launches Startup Fund
Samsung Electronics Co. is launch a new business unit and separate venture capital fund to strengthen its capabilities in self-driving vehicle technologies.
#electronics
Share
Samsung Electronics Co. is launch a new business unit and separate venture capital fund to strengthen its capabilities in self-driving vehicle technologies.
The business unit will focus on developing a driver-assistance software platform through its recent acquisition of U.S. audio electronics supplier Harman International Industries Inc. The open architecture will compete with proprietary systems such as the one Intel and Mobileye are creating.
The new unit will be led by John Absmeier, currently vice president of smart machines for the Samsung Strategy and Innovation Center. He previously headed Delphi Automotive’s autonomous vehicle project in Silicon Valley.
Samung says the $300 million Automotive Innovation Fund will invest in developers of such products as sensors, machine vision and advanced safety features. The fund’s first target is TTTech Computertechnik AG, a Vienna-based company that integrates software for robotic driving systems. TTTech specializes in scalable and modular software architectures.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
