New Samsung Development Team To Focus on Autonomous Vehicle Components
Samsung has recently announced its intention to create a team, separate from its existing business units, to focus on development of next-generation automobile components. The components will be designed for use in autonomous or internet-connected vehicles. The announcement, Samsung’s first official acknowledgement of its interest in the auto industry, comes on the heels of announcements of other companies (such as Google Inc., Apple Inc., and traditional competitors like Hyundai Motor Co.) to increase efforts in developing high-tech auto parts.