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Samsung eyes M&A deals in automotive, other industries

Samsung Electronics Co. Ltd. will actively look at investment opportunities in the automotive industry in 2018, Reuters reports, citing a statement from the company's chief strategy officer, Young Sohn.

The plan toward deals in the automotive market comes after the Samsung Group's unit acquired connected car and audio solutions developer Harman International Industries Inc. In September, Samsung also created the $300 million Samsung Automotive Innovation Fund that is focused on investments in connected car and autonomous technologies.

Samsung is also looking at deals that would allow the company to build software and services, such as in digital health, industrial internet, automation, networking, data transmission and security.