Samsung Electronic says to provide memory chips to automaker Audi

Reuters News
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Posted: Nov 24, 2015 2:39 AM

SEOUL (Reuters) - Samsung Electronics Co Ltd will provide memory chip products to Volkswagen's <VOWG_p.DE> Audi after entering into a strategic partnership with the luxury German automaker, the South Korean electronics giant said in a blog post dated Monday.

Samsung Electronics and its sister companies have been making a push to supply components to makers of increasingly sophisticated automobiles.

No financial terms were disclosed.

Samsung Electronics said it will provide cutting-edge memory chips to Audi's future "infotainment", dashboard and driver assistance applications.

Samsung spokespersons were not immediately reachable for comment.

(Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)