Samsung ties robotic car dreams to Harman deal

The world's biggest maker of semiconductors by revenue, Samsung is a consumer electronics giant

South Korea’s Samsung Electronics plans to become a major player in autonomous driving, building on its recent $8-billion acquisition of audio and auto parts supplier Harman and its pole position in mobile communications markets.

Samsung is set to announce on Thursday at the Frankfurt Motor Show that it has set up an automotive strategic business unit for autonomous and advanced driver assistance services (ADAS), together with a $300-million fund to invest in automotive start-ups and technology.

“It’s time to communicate our intent to enter the autonomous driving market,” Young Sohn, the company’s president and chief strategy officer, told Reuters. “Samsung