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.
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,
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.