Mobility sector emerges as new cash cow for Samsung

The mobility industry is emerging as a new cash cow for Samsung Group, with its affiliates taking proactive approaches to supply chips, batteries, displays and other electric or electronic parts for global carmakers. According to industry officials on Tuesday, Samsung Electronics Executive Chairman Lee Jae-yong is set to have a meeting with Mercedes-Benz Group Chairman Ola Kallenius during the latter's visit to Seoul for a Mercedes-Benz conference on Friday. Lee is expected to be accompanied by Samsung SDI CEO Choi Joo-sun, Samsung Display CEO Yi Chung and other executives of key Samsung affiliates, implying that the meeting will likely cover a broader range of cooperation between the Korean conglomerate and the German auto giant over chips, batteries, displays and other auto parts. Their partnership has been mostly centered on Harman, a Samsung Electronics subsidiary that has been supplying premium car audio systems and the Mercedes-Benz User Experience infotainment system. While Samsung Electronics supplies the Mercedes-Benz digital key through Samsung Wallet and Samsung Display providWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times