Samsung Doubles Down on Israeli Auto Tech
The company plans to showcase its auto push in an event to be held in Tel Aviv Sunday
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With Harman, Samsung acquired two Israeli car companies—mobile software management technology Harman RedBend, acquired by Harman in 2015, and Israel-based automotive cybersecurity company TowerSec Inc. acquired in 2016. In September 2017, Samsung showed its commitment to its new interest by launching a $300 million automotive innovation fund.
In recent years, Israeli companies have taken a central role in the introduction of technologies to the auto industry. In 2017, Intel acquired Jerusalem-based automotive chip company Mobileye for $15.3 billion. In November 2017, German auto car parts maker Continental AG announced the acquisition of Israel-based auto cybersecurity company Argus Cyber Security Ltd. Daimler, Hyundai, Renault-Nissan, SEAT, and Skoda have opened or announced plans to open research and development centers or technology incubators in Israel in 2017.Samsung ’s autonomous cars platform DRVLine first revealed in January at the Consumer Electronics Show (CES) in Las Vegas, will take center stage at the Tel Aviv event on Sunday. Not yet available, DRVLine will offer Samsung chips, hardware and software components and sensors, enabling vendors to build customizable products according to their specifications.