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Samsung's $8-bn buyout of Harman first of mega M&As says strategy chief

Young Sohn indicated that the co is looking to expand into automotive markets, digital health and industrial automation

Reuters  |  Helsinki 

Samsung Electronics'  $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence to chase more big deals, its strategy chief said on Friday. Young Sohn, the South Korean company's Silicon Valley-based president and chief strategy officer, said he was keen for world's top maker of memory chips, smartphones and televisions to expand in automotive markets, digital health and industrial automation. Samsung, which this year surpassed Intel to become the world's biggest semiconductors manufacturer, has ...

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First Published: Sat, December 02 2017. 11:19 IST