(Seoul=NSP News Agency) YEON SUN HAN Journalist = Samsung Electronics strengthens field business by raising Samsung Automotive Innovation Fund amounting to $300million.

Automotive Innovation Fund will be used for acquiring technologies required for autonomous driving and connected car fields such as smart sensor, machine vision, artificial intelligence, connectivity solution and security.

As first strategic investment, Samsung Electronics decided to invest 75mil Euro to TTTech, a global leader of autonomous driving platform and cutting edge automotive drivers assistance system(ADAS).

In the meantime, Haman, a company specializing in audio founded a Strategic Business Unit that will be dedicated to autonomous driving and cutting edge drivers assistance system in connected car field.