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After Samsung recalled the Note 7, their economy has been pretty bad. A couple of days ago, Samsung announced a deal to acquire an American company called Harman. It cost 8 billion dollars for Samsung to acquire Harman, according to a press release.

Harman International Industries is a company that is making automotive electronics, as well audio electronics such as speakers. Samsung has said that they’re not focusing on Harman’s audio products. Instead, they are more interested in their automotive technology.

harman_connected_by_harman_banner_for_-com“The vehicle of tomorrow will be transformed by smart technology and connectivity in the same way that simple feature phones have become sophisticated smart devices over the past decade,” said Samsung’s chief strategy officer and president, Young Sohn.

Both Apple and Google are working on self-driving cars. Now that Samsung is also joining the autonomous car industry, they’ll have a big advantage because they have acquired Harman. You can also find Harman’s automotive technology in cars from BMW and Volkswagen, as well as some other big car companies.

Samsung’s acquisition will probably be finalised in the middle of 2017. Do you think this will help Samsung to grow their business again? Let us know in the comment section below!

 

Via: | TechnoBuffalo |

Source: | BBC News |

Image Credit: | Harman | AutoBlog |

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