About Our People Legal Stuff
File - In this Dec. 12, 2013 file photo, a man with a mobile phone walks by the Samsung Electronics logos at its headquarters in Seoul, South Korea.  (AP Photo/Ahn Young-joon, File)

Samsung is buying audio and car parts company Hardan for $8B, its biggest acquisition ever

Joining forces is a natural extension of the automotive strategy we have been pursuing for some time.
Oh-Hyun Kwon, Samsung CEO

Samsung Electronics is set to acquire Harman International for $8 billion, its largest acquisition ever, according to a Monday press release.

Harman makes "smart car" systems and audio/video setups.

Building the 'vehicle of tomorrow'

Samsung said its experience with semiconductors, user experience and global distribution would help both companies. “The vehicle of tomorrow will be transformed by smart technology and connectivity in the same way that simple feature phones have become sophisticated smart devices over the past decade,” wrote Young Sohn, Samsung president and chief strategy officer.

Samsung car.jpg
Models pose with a Renault Samsung's concept car Eolab during a media preview of the Seoul Motor Show in Goyang, South Korea, Thursday, April 2, 2015. The exhibition will be held from April 3 to April 12 with 32 brands showing their latest cars and concepts. (AP Photo/Ahn Young-joon)

This kinda sounds like Samsung is interested in cars

Wouldn't be the first time. That's a photo of Renault Samsung Motors' concept car, the Eolab. Samsung still holds a minority ownership.

Harman also makes Harman/Kardon headphones. And Samsung's phones have headphone jacks...

Samsung Galaxy Note7 fire 2.jpg
This Monday, Oct. 10, 2016 photo taken in Honolulu shows Dee Decasa's replacement Galaxy Note 7 smartphone one day after the phone released smoke and sizzled. (AP Photo/Audrey McAvoy)

2016 has not been kind to Samsung -- it's had to deal with a global recall of the Samsung Galaxy Note7 and also millions of washing machines, all of which were linked to fires

American Apparel filed for bankruptcy again after its plan to rebound 'completely failed'

WATCH | For more news you need, check out our 60 Second Circa.

Read Comments
Facebook Twitter Instagram Pinterest Linked In List Menu Enlarge Gallery Info Menu Close Angle Down Angle Up Angle Left Angle Right Grid Grid Play Align Left Search Youtube Mail Mail Angle Down Bookmark