Samsung is Investing $300 Million to Fund Autonomous Driving and Automotive Startups

The world's largest smartphone maker is breaking into the automotive technology world.

Samsung announced that it has set up a $300 million fund to invest in automotive startups and autonomous driving technology. According to the Financial Times, the Samsung Automotive Innovation Fund will target investments in "connected car and autonomous driving technologies, including sensors, machine vision, and safety solutions."

Read: Its Mobileye Deal Done, Intel Prepares to Launch Fleet of Se

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox