It's Samsung's largest acquisition by far and it will put the company in a strong position as the race to develop autonomous vehicles barrels forward. Harman International Industries Inc. is already is a $7 billion-in-sales per year player in the automotive market. Since Harman already supplies screens and software, Samsung can get in the door to sell computer chips, he said. The deal also positions Samsung well as car computers take on more and more driving functions while en route to fully autonomous cars, Abuelsamid said. Google and Apple also are already working with global automakers to supply their auto systems, CarPlay and Android Auto, to integrate smartphones into automotive electronics.

Source: New Zealand Herald November 14, 2016 08:01 UTC