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>> Samsung's biggest ever buy locked down on Monday. The South Korean tech giant snapping up U.S auto parts company Harman for a cool $8 billion. Harman is a top name in audio, but it also ranks high for so-called connected cars. Think computer dashboards and impact detection sensors. For Samsung, the move marks a major push into auto related tech and that may not be a surprising choice.
Google and Apple are rapidly developing their own vehicle technology and Samsung's behind both when it comes to in-car entertainment and software. Then of course, there's the fact that mobile business is still suffering, after a disastrous recall its of its fire prone note 7 smartphones. Positioning its self as a supplier with the help of proven brand name like Harman, may help Samsung map up new territory, as automakers increasingly rely on smart technology to stay ahead.
It could also provide an avenue for its selling its own memory chips. Part of the business behind its earlier massive success in the mobile world.