Samsung invests in automotive development

The world's largest memory and smart phone chip maker, Samsung, will invest 75m euros in a company that deals with the development of technologies for vehicles without drivers.

The Korean company announced it will invest 75m euros in Austrian company headquartered in Vienna TTT ECH, which supplies autonoma Audi technology and other car companies.

News of Samsung's investments in an Audio Company partner came after Koreans finished taking over the American auto-partial manufacturer, the Hartmann company.

Samsung has announced that within Harman's framework, he has formed a business unit that will deal with the development of autonomous vehicles and advanced electronic assistance systems.

TTT Investment The ECH is the first of its kind from the $300m (U.S.) fund, which Samsung company has dedicated to boosting automobiles without drivers, artificial intelligence, and security systems.