"It's time to communicate our intent to enter the autonomous driving market," Young Sohn, the company's president and chief strategy officer, told Reuters. Harman, best known for its consumer audio speakers, derives 65 percent of sales from its automotive business, supplying navigation services, on-board entertainment systems and vehicle networks that put it at the intersection of connected cars and mobile networks. In recent months, Samsung has secured licenses for autonomous driving pilot projects in South Korea and California. Over the next two to three years, the new Samsung Automotive Innovation Fund will invest in a range of connected car areas including sensors, machine vision, artificial intelligence, high-performance computing, cloud services, mobile connectivity, automotive-grade safety and security, the company said.
Technology giants are increasingly designing their own semiconductors to optimize everything from artificial intelligence tasks to server performance and mobile battery life. Google has the Tensor Processing Unit, Apple Inc. has the A13 Bionic and Amazon.com What the titans all lack, however, is a factory to build the new chips they are dreaming up. Enter Samsung Electronics Co., which is planning a decade-long, $116 billion push for their business. The South Korean company is investing heavily in the next step in miniaturizing semiconductors, a process called extreme ultraviolet lithography (EUV).
Apple CEO Tim Cook has nothing but praise for augmented reality, saying it's a technology that's potentially as important as the iPhone. It turns out he may have big plans for virtual reality too. The company is working on a headset capable of running both AR and VR technology, according to a person familiar with Apple's plans. Plans so far call for an 8K display for each eye -- higher resolution than today's best TVs -- that would be untethered from a computer or smartphone, the person said. The project, codenamed T288, is still in its early stages but is slated for release in 2020.
A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. SAN FRANCISCO -- In its short, troubled history, Galaxy Note 7 was the victim of a recurring overheating problem that Samsung couldn't tamp down. But that might be easy compared to what comes next. The Samsung brand, once considered a gold standard in the tech industry, has been tarnished. Its stock price has been battered, shaving tens of billions of dollars from its market value.
The Suwon, South Korea-based company will announce the move next week as part of its annual year-end personnel reshuffling, the people said. The decision isn't final, and plans for Samsung's annual shake-ups have been reversed before. "No decision has been made regarding personnel changes," a Samsung spokesman said. Samsung is the world's largest maker of smartphones and semiconductors. It has a target of securing a 20% market share of 5G equipment by 2020, believing its experience making handsets, network equipment and semiconductors could give it a unique edge.