November 24, 2015 / 7:44 AM / 2 years ago

Samsung Electronic says to provide memory chips to automaker Audi

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

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