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The
land ministry, in a statement issued on Monday, said the car is
a modified version of a South Korean car maker's vehicle using
Samsung's own components such as cameras as well as its
artificial intelligence software.
The firm plans to use the car to develop a self-driving
algorithm capable of driving in adverse weather conditions and
next-generation components for autonomous cars, the ministry
said.
"We would like to clarify that the company has no plan to enter
the car manufacturing business," Samsung told Reuters in a
separate statement on Tuesday, adding the vehicle will further
its development of "deep learning algorithms for autonomous
operations".
Samsung has identified the auto industry as a new source of
growth as the market for its key products such as smartphones
matures. It completed the $8 billion acquisition of Harman
International Industries earlier this year, a move that analysts
say may help Samsung scale up quickly by taking control of an
automotive parts maker with a proven track record.
It may take years for the auto industry to become a big enough
business to rival its mainstay memory chip and smartphone
operations, however. Samsung has not clinched any major supply
agreements with car makers yet.
(Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)
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