Samsung Gets into the Self-Driving Car Business

BEACON TRANSCRIPT – In order not to be left behind, the company closely follows its fellow high-tech competitors and therefore Samsung gets into the self-driving car business.

Nowadays, you don’t necessarily have to be a tech-savvy or an automobile passionate to know that self-driving cars are all the rage. Although most of them are still prototypes and a few years will pass before we’ll be able to see them on the streets, the biggest companies are in a competition for bringing to the market the best self-driving car. And Samsung, as one of the tech-giants couldn’t stay away. That’s why they are launching a new division that will manufacture car components for other companies. Now, you’ll say they’re not really creating a Samsung car, but keep in mind that many cars meant to be produced in the future will run thanks to its Samsung components. LG did the same thing in 2013 and is now producing parts for car companies.

Of course, Samsung may do this to keep up with its competition but it might also be doing it in order to cover the loses they are experiencing with their smartphone division. It looks like they’ve recently had some major changes at the top management of the mobile department where they replaced the manager with a younger person in the hope of reviving the department as well as its profits.

On the other hand, as opposed to the growth of the self-driving car technology, the mobile industry is starting to decline and a change of perspective could prove to be a good choice for Samsung. Especially since many of the components of the self-driving cars are very similar to the mobile devices, so the company could smoothly transfer from one device to the other. The similar components range from battery technology and GPS to wireless chips and touch screens. Besides, deciding to play it safe and only produce parts for other companies might also turn out to be a smart move, because if something happens their loses would be minimal.

To conclude, I would say that turning to the self-driving business could be a win for the tech-giant, as they are very likely to succeed in working with this type of technology.

Image source: www.bing.com