Connect with us

Tech

Samsung refutes claims it’s going into car manufacturing

Published

on

Samsung refutes claims it’s going into car manufacturing

Samsung has addressed recent rumors which suggested that the company might enter the automotive business as a player.

It currently makes technological components for cars that are used by many manufacturers.

The rumors suggested that Samsung would actually get into the business of making cars by acquiring a manufacturer.

Read also: China building fleet of AI-powered submarines, reports say

The company has denied it, saying it has no plans to do something like that.

The rumors stemmed from a recent announcement by the company that it would invest over $160 billion in four key future growth areas.

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations