The smart speaker market is about to get some more competition as Samsung confirms it's also working on a device to rival Google Home, Amazon Echo and the upcoming Apple HomePod. 

The president of Samsung's mobile division said in an interview that the company is currently working on its own smart speaker. This news follows just over a month after multiple rumors claimed Samsung was working on a smart speaker powered by Samsung's digital assistant, Bixby, under the codename 'Vega.' 

With Amazon Echo and Google Home in a fierce arms race to one-up each other, and Apple's Siri-powered HomePod arriving on store shelves this December, we hope the smart speaker market isn't too crowded in time for the supposed Vega's launch — for Samsung's sake.