update desk

Samsung in talks to acquire Israeli firm Corephotonics

Samsung has already invested some $15 million in Corephotonics, which develops imaging technology for smartphones.

Israeli currency. Photo by Nati Shohat/Flash90.
Israeli currency. Photo by Nati Shohat/Flash90.

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 Corephotonics. Thus far, Corephotonics 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, vice president of Research and Development; and Eran Kali, vice president of licensing.

In response to a query from Israel Hayom, Mendlovic said that “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.”

You have read 3 articles this month.
Register to receive full access to JNS.

Just before you scroll on...

Israel is at war. JNS is combating the stream of misinformation on Israel with real, honest and factual reporting. In order to deliver this in-depth, unbiased coverage of Israel and the Jewish world, we rely on readers like you. The support you provide allows our journalists to deliver the truth, free from bias and hidden agendas. Can we count on your support? Every contribution, big or small, helps JNS.org remain a trusted source of news you can rely on.

Become a part of our mission by donating today
Thank you. You are a loyal JNS Reader.
You have read more than 10 articles this month.
Please register for full access to continue reading and post comments.
Never miss a thing
Get the best stories faster with JNS breaking news updates