Samsung will invest a total of EUR 75 million in the technology leader TTTech, thus expanding its commitment to develop driverless vehicles. The declared goal of the company is to contribute to efforts to bringing safe automobiles to the road and thus claiming to help shape a new generation of mobility.
TTTech is already supplying driver assistance systems to VW/Audi as well as Volvo. The safety-relevant control platform of TTTech is a key component of the central driver assistance system architecture (zFAS) recently introduced in the new Audi A8. In addition to its work for the automotive sector, TTTech makes a major contribution to the safety and reliability of networked computer systems in the aviation industry and for industrial facilities. For example, technologies developed by the company are integrated into the Boeing 787 Dreamliner as well as in the Orion spacecraft of the National Aeronautics and Space Administration (NASA).
“TTTech has demonstrated a remarkable ability to innovate and build world-class technologies and platforms. This is a seminal moment for Samsung and our Automotive Innovation Fund, and we look forward to working with leading OEMs such as Audi and the entire TTTech team to set a new standard for automotive-safety technology”, said Young Sohn, President and Chief Strategy Officer of Samsung Electronics.