Samsung Electronics sets up USD300 million fund focused on automotive market; invests in TTTech
Harman creates dedicated SBU for autonomous/ADAS applications
Samsung Electronics has established a USD300 million fund, the Samsung Automotive Innovation Fund (SAIF), which will exclusively focus on the automotive market, the South Korean supplier said in a press release on 14 September. The fund will focus on emerging area of connected cars and autonomous driving technologies including smart sensors, machine vision, artificial intelligence, high-performance computing, advanced safety, security and privacy.
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