|Samsung ups bet on self-driving cars|
Sep. 14, 2017 6:10 AM ET|By: Yoel Minkoff, SA News Editor
Upping its $8B bet on auto technology, Samsung Electronics ( OTC:SSNLF) is forming a separate business unit within Harman to house autonomous driving products.
It will also plow $300M into a new fund investing in related startups.
"Our industry is literally screaming, saying, 'We love Mobileye (NASDAQ: INTC) but we need an open platform,'" Harman CEO Dinesh Paliwal declared. "Competition is the best thing ever."