Samsung to acquire Israeli smartphone camera company
Telephone giant signs deal to buy Corephotonics Ltd. in move worth approximately £117m
Samsung has signed a deal to acquire the Israeli smartphone camera company Corephotonics Ltd.
Calcalist reported the sale on Monday, citing the lsraeli law firms that represent both companies. It first reported earlier this month that Samsung was considering the acquisition.
The deal is worth £117m ($155 million), Calcalist reported, citing an unnamed person familiar with the deal.
Samsung previously has been an investor in Corephotonics, participating in two out of three of the company’s funding rounds. All three rounds raised $38 million.
The company, founded in 2012, develops dual lens camera technologies designed to improve the performance of smartphone cameras.
In 2017 , the company reportedly filed a lawsuit against Apple Computers for using its technology without authorisation in the iPhone 7 plus and the iPhone 8 plus.
Keep community journalism free.
Jewish News is free for everyone. No paywall. No barriers. Just trusted journalism for anyone who wants to stay connected to Jewish life in Britain.
If you value that, please support us.
From as little as £5 a month, you can help keep our journalism free and accessible to all.
Every day, we report on the issues that matter to our community. We celebrate achievements, support charities, challenge antisemitism and ensure Jewish voices are heard more widely.
From as little as £5 a month, you can help us continue to:
- Report on the stories shaping Jewish life in the UK and beyond
- Bring our community together through shared stories, events and campaigns
- Celebrate the people, culture and moments that define our community
- Support organisations doing vital work across Jewish Britain
You can make a one-off donation or become a regular supporter. Every contribution helps keep our journalism free, independent and accessible to all.
If everyone who values Jewish News gave a small amount, it would make a real difference to our future.
