There has been a couple of decades where the tech companies have been focused on electronics such as computers, cell phones and TVs. Specially cell phones have developed tremendously in the past decade and became smart phones to the point where societies all around the world have become dependent on them. However, smart phones have been developed to a point where not much can be done to improve on them anymore.
This is going to be a turning point for all the tech companies because now the potential for them to grow is going to happen in automobiles. We all know google has been working on a self-driving car that can drive itself in the city without a driver. They have succeeded in many ways to do this and the technology is still improving. High tech cars or maybe we will start calling them smart cars are going to be the focus for the next couple of decades.
Samsung Electronics, which has been a world leader in the past decade in making smartphones and memory chips, is putting together a team to focus on how to enhance the technology in the automotive business. There is going to be a race now between the Tech industries as well as the automotive industries in making self-driving, electric and internet accessible vehicles.
Samsung Electronics parts have been a great success in the past decade and they will continue in a new direction now to develop new growth in the automotive industry. Samsung has made a statement about their direction in the future and they said they will continue to invest in smartphones as well as electric vehicles. Economic reports in Korea has stated that Samsung can share 4% of their stake in the automotive industry which is going to cost Samsung around $450 million.
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