“Automotive will ultimately be the next big thing in the information technology sector and it‘s just a matter of time,” said Kim Do-kyun at the company’s Mobile & IoT Forum, he is a senior researcher at Samsung’s memory business division, he added that a vast array of electronic components goes into automotive products including but not limited to system-on-chip, camera, display and a central processing unit. Samsung sees opportunities in automotive infotainment, advanced driver assistance system and telematics in the short and medium term while Do-kyun says that “In the long term, autonomous driving will be a game changer for bringing in new lifestyle.”
Samsung has made a couple of moves recently which show that it’s serious about competing in the automotive market. It has already acquired a part of Chinese electric car maker BYD and is reportedly in talks with Fiat Chrysler to acquire auto parts giant Magneti Marelli. It’s expected to close this $3 billion deal by the end of this year.