Samsung makes big automotive push

Samsung makes big automotive push

Samsung Electronics on Wednesday announced it will set up a new team specializing in automotive parts to speed up its expansion into the lucrative market in an era of electric mobility.

The plans were announced as part of the Korean tech giant’s annual business reshuffle that aims, among other things, to secure new growth engine businesses while restoring profitability in existing device sales.

Park Jong-hwan, senior vice president and head of chip card and microcontrollers team, will lead the new team under the control of Kwon Oh-hyun, one of the company’s three co-CEOs and the chip business chief.

“Our goal is elevating our capability in the field in a short term,” said a Samsung official. “We will focus on infotainment systems and self-driving cars in the early stage and then seek business synergies with other Samsung companies.”
Samsung Electronics on Wednesday announced it will set up a new team specializing in automotive parts to speed up its expansion into the lucrative market in an era of electric mobility.

The plans were announced as part of the Korean tech giant’s annual business reshuffle that aims, among other things, to secure new growth engine businesses while restoring profitability in existing device sales.

Park Jong-hwan, senior vice president and head of chip card and microcontrollers team, will lead the new team under the control of Kwon Oh-hyun, one of the company’s three co-CEOs and the chip business chief.

“Our goal is elevating our capability in the field in a short term,” said a Samsung official. “We will focus on infotainment systems and self-driving cars in the early stage and then seek business synergies with other Samsung companies.”

Share this post

Leave a Reply

Your email address will not be published.