Samsung In Talks To Acquire Israeli Firm Corephotonics

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Electronics giant Samsung is reportedly in talks to acquire the Israeli firm Corephotonics for some $150 million.

Corephotonics, based in Ramat Hachayal, develops multi-aperture camera technologies for smartphones.

Samsung is a major investor in Israeli high-tech companies. In 2016, Samsung and its investment branch, Natures, invested $15 million in Core Photonics. Thus far, Core Photonics has raised $50 million.

Corephotonics was founded by former Chief Scientist at the Science and Technology Ministry Professor David Mendlovic, who serves as CEO; Dr. Gal Shabtay, VP of Research and Development; and Eran Kali, VP of licensing.

In response to a query from Israel Hayom, Mendlovic said, “Samsung is an investor in our company. They have expressed interest by investing in us. There is nothing concrete [about an acquisition] at this stage. We will be happy to inform the public when we know anything.”

(Israel Hayom) 

{Matzav.com}

 

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