Samsung completes its $8 billion Harman International acquisitionMarch 11, 2017 - 10:54 AMT PanARMENIAN.Net - Despite its explosive growth, Samsung has mostly preferred to buy smaller startups or develop its own technology. That changed last November when the company announced it would purchase Harman International Industries, Incorporated for about $8 billion, and now it confirmed the deal is complete, Engadget said. 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." If you're not sure how that works, remember Harman is the parent company of not only the Harman Kardon brand, but also Infinity, JBL, Lexicon and Mark Levinson. That's also a different way of going about things compared to Google's Android Auto and Waymo efforts, or Apple pushing CarPlay and whatever Project Titan really is. It also is a potential boost to Samsung's smart home and other connected devices, even as Harman, which counts 30,000 employees, continues to operate as an independent subsidiary. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |