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Technology Stocks : Drones, Autonomous Vehicles and Flying Cars

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To: Glenn Petersen who wrote (1426)9/14/2017 8:50:28 AM
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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."

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