Monday, June 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung to Open Home Appliance Factory in South Carolina
SpaceX Launches Satellites From California Air Base
Parts of Windows 10 Source Code Leaked Online
Hackers Attacked U.K. Parliament
Google Promises to Stop Reading Your Emails in Gmail
BlackBerry's Software and Services Sales Fell in Q1
Handsets Expected to be Largest Market for ICs
G.SKILL Announces New DDR4 for the Intel X299 HEDT Platform
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 21, 2016
Samsung, Harman Outline Connected Car Vision


Samsung Electronics unveiled on Monday its vision to become the world leader in connected vehicles solutions, by combining its information technology with Harman International Industries' expertise in the smart car business.

The South Korean technology giant last week announced the acqusition of Harman for $8 billion.

Harman International Industries CEO Dinesh Paliwal, Samsung Electronics President and Chief Strategy Officer Sohn Young-kwon, and Vice President Park Jong-hwan gave a press conference in Seoul speaking about the synergies between the two companies.

"Future cars will be quite different from present ones. They may require much more user experiences," said Sohn Young-kwon, president and chief strategy officer at Samsung Electronics, in a press conference on MOnday . "In particular, connectivity will be more interactive, giving more user experiences in audio and video sectors through new applications."

Sohn said the company was keen to create more demand in the market by combining Samsung's advanced video technology with Harman's top-class audio systems. Harman is the world leader in the branded car audio systems market, owning JBL, Bang & Olufsen and Lexicon among others.

Samsung has also reaffirmed it has "no plans" to become an automaker.

"We made it very clear (to our automaker clients) that Samsung Electronics, by acquiring Harman, wants to become a primary smart mobility systems provider, rather than a carmaker," said Harman CEO Dinesh Paliwal.

"Harman has a very similar future plan with Samsung," he added. "Harman brings a very strong automotive portfolio, whereas Samsung offers expertise in such areas as sensors, displays, fifth-generation (5G) connectivity and mobility. The latest deal comes as we hope to combine these two elements from both firms and make smarter automotive systems."

"User experience is getting more important for the future autonomous vehicles industry," said Sohn, adding that both firms expect new products, converged from their respective expertise, will be unveiled in 2018 at the earliest.

"Convergence of technologies is not an overnight thing, so we believe the latest deal should be considered from a long-term viewpoint," he said. "For example, Harman's unique sound systems may contribute to our mobile business."

Samsung is turning to the connected cars business as it seeks for new cash sources in a dwindling global smartphone market. It is part of the group's strategy to focus on the next growth engines, which include its biopharmaceutical affiliate Samsung BioLogics.

Paliwal said that the acquisition will create synergies. "We bring very strong systems knowledge and echo systems. Samsung brings censor technology, IT technology, displays, 5G connectivity and mobility. When we combine those two, we have perfect solutions and smart mobility experience."

The deal could help Samsung expand its supply of semiconductors and display units on Harman's distribution channels, securing more stable revenues and earnings due to the longer product life cycle in the auto business.


Previous
Next
MediaTek UltraCast Brings 4K Streaming to Connected Devices        All News        Apple To Replace iPhone 6s Batteries Following Unexpected Shutdowns
Netflix 4K Content Is Coming in Powerful Windows 10 PCs and Microsoft Edge     General Computing News      McAfee Says Only 42 Percent of Consumers Take Security Measures to Protect Their Gadgets

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung to Open Home Appliance Factory in South Carolina
Samsung Bundles a 24" USB-C monitor With Galaxy Book
Samsung Goes Retro With the Galaxy Folder 2 Flip Phone
Samsung Begins Mass Production of Exynos i T200 IoT Chip
Samsung Galaxy Note 8 Launches in August
Samsung Display to Break Ground for New OLED Plant
Samsung Ramps up 64-Layer V-NAND Memory Production
Samsung Galaxy S8 and Galaxy S8+ Unlocked by Samsung Now Available in to More U.S. Resellers
Samsung Chips Set to Beat Intel in Q2
Samsung Introduces First HDR QLED Gaming Monitors
Samsung Considers Outsourcing Packaging for its Upcoming 7nm and 8nm Exynos Application Processors: report
Samsung is Launching Samsung Connect Home Smart Wi-Fi System

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .