Samsung has been investing in smart automobiles segment from the past few months. It recently started to and also . Now, the company is said to be in talks to buy an auto components manufacturing brand.
According to a report from Bloomberg, Samsung is said to be in talks to acquire Magneti Marelli, a subsidiary of Fiat Chrysler Automobiles that specializes in developing and manufacturing high-end automotive parts. The South Korean electronics giant is said to be interested in Magneti Marelli’s lighting, entertainment and telematics capabilities.
The deal is reportedly worth $3 billion, and if it’s true, it would be Samsung’s biggest acquisition outside of South Korea. This shows that Samsung is quite serious about smart cars. The company even made a separate . It to develop future projects for connected cars.
According to a report from Bloomberg, Samsung is said to be in talks to acquire Magneti Marelli, a subsidiary of Fiat Chrysler Automobiles that specializes in developing and manufacturing high-end automotive parts. The South Korean electronics giant is said to be interested in Magneti Marelli’s lighting, entertainment and telematics capabilities.
The deal is reportedly worth $3 billion, and if it’s true, it would be Samsung’s biggest acquisition outside of South Korea. This shows that Samsung is quite serious about smart cars. The company even made a separate . It to develop future projects for connected cars.