Samsung does not plan to enter the automotive market

South Korean corporation Samsung said that it did not plan to enter the automotive market. The official statement was published in response to rumors that Samsung is working on its own self-managed car, and reports of the company's allocation of another large sum for research and development. The statement notes that Samsung is not going to produce electric cars or self-controlled cars and does not plan to acquire companies engaged in such production. In its plans - strengthening of the presence in the market of suppliers of semiconductor products, which can be used in the automotive industry.

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