Samsung completes its biggest acquisition ever

- Advertisement -

Keeping in view, the rapid growth of the company, Samsung is always working to buy smaller startups so that the company will be to move forward in its technology.

In November, last year, the company had proclaimed that the company is going to purchase Harman International Industries for about $8 billion and today the company has locked the deal with Harman International Industries.

- Advertisement -

Harman President, Dinesh Paliwal said:

“Samsung provides Harman with the scale, platform and complementary technologies to accelerate growth and extend our global market leadership in automotive, smart audio and connected technologies….Samsung and Harman will define – and drive – the future of automotive.”

Well, if you have doubt that how Samsung will utilize HII to develop its technology then keep it in mind that Harman is the parent company of Harman Kardon Brand, Infinity, JBL, Lexicon, and Mark Levinson. So it is expected that the company will use its child companies to promote and develop technology,

- Advertisement -

This step will help the company to give the potential boost to its smart home and other connected devices. As Harman is its a huge company consisting of 30,000 employees, therefore, Samsung will let Harman act as an independent subsidiary.

- Advertisement -
07eb062daa4934b44ff797d5099d61ea - Samsung completes its biggest acquisition ever
Muhammad Irfan Raza
Irfan Raza is Editor at TechWafer covering Everything about Apple including Mac, iPhones, iMac, iMac Pro, MacBook, and How-tos.

More from author

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related posts

Advertisment

Trending

Snapdragon 870 5G chipset has fastest CPU with its 3.2 GHz Core

Qualcomm and TSMC have figured out finally how to squeeze every bit of extra performance out of 7nm node with Snapdragon 865+ or Snapdragon...

Make Every Day Epic with Samsung Galaxy S21 and Galaxy S21+

Samsung introduced Galaxy S21 and Galaxy S21+, the latest flagship devices that empower you to express yourself. Made for the way we live now,...

MacBook Pros 2021 won’t have Touch Bar, but a new design and MagSafe connector

Last month noted Apple analyst Ming-Chi Kuo tipped of Apple's upcoming 2021 MacBook Air and 13" MacBook Pro will debut with mini LED displays...

Want to stay up to date with the latest news?