Samsung plans to invest $22.3 billion over the next three years in areas such as artificial intelligence, 5G communication, automotive electronics components and biopharmaceuticals. Overall investments, aimed at making the Korean electronics conglomerate a global technology leader, are set to total more than $160 billion. That will include spending on future growth businesses and a Read More..
Great Wall Motors is to launch its first connected vehicle with a remote software updating service in 2019. The over-the-air (OTA) technology will be supplied by Harman, whose Remote Vehicle Updating Service has already been fitted in more than 25 million cars worldwide. The Harman technology allows for full monitoring and control of updates by Read More..
Samsung said it plans to acquire Harman International for 8 billion dlrs in cash, givingÂ the Korean electronics giantÂ a bigger stake in the global connected car market. “Upon closing, the transaction will immediately give Samsung Â significant presence in the large and rapidly growing market for connected technologies, particularly automotive electonics, which has been a strategic priority Read More..
The annual CeBIT fair, which takes place March 16 through 20, will have a strong focus on the biggest trends shaping the digital economy. The event, which is billed as the leading trade fair for IT and the digital economy, will be officially opened on Sunday, March 15, by German Chancellor Angela Merkel. Also speaking Read More..
Robert Bosch, formalizing the dissolution of a battery joint venture with Korea’s Samsung, has established a new division to build and market battery systems. The German automotive supplier said Robert Bosch Battery Systems, which includes the former SB LiMotive joint venture as well as Michigan-based Cobasys LLC, Â will focus on building complete battery packs for Read More..
A four-year old battery joint venture between Germany’s Robert Bosch and Korea’s Samsung may be dissolved because the two partners’ business priorities are too diverse, according to the Financial Times Deutschland. The newspaper said Bosch, the world’s largest automotive supplier, needs the joint venture, SB Limotive, to focus on building complete battery systems for electric Read More..