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View all search resultsSamsung in talks to invest in Chinese electric car maker BYD
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Samsung Group's pavilion at the 2014 Winter Olympics in Sochi, Krasnodar Krai, Russia. (Shutterstock.com/ID1974)
Samsung Electronics says it is in talks to buy shares of Chinese electric car maker BYD in the latest tech-auto collaboration.
The South Korean company said Friday that the move is aimed at strengthening its burgeoning semiconductor business for vehicles.
Samsung said it will disclose the size of the investment after finalizing the deal.
(Read also: Ecommerce giant Alibaba launches first smart car)
The move is the latest partnership between tech companies and auto firms as vehicles are revamped with connectivity and technology.
Samsung, the world's largest maker of memory chips and smartphones, said the deal will also boost its components businesses for electric cars and smartphones.
The company said the talks with BYD will not affect supply deals of Samsung SDI, a lithium-ion battery supplier for electric vehicles.
