Recently, it was in the news for developing Oppo’s 10x hybrid optical zoom camera. Samsung already was one of the main investors in the Israeli tech company.
Calcalist has claimed that the acquisition has gone through — with the reported value of the deal signed on Monday being $155mn.
Thus far, both Samsung and Corephotonics have reportedly declined to respond to the news of acquisition.
The company made headlines in 2017, when it claimed that Apple had copied its dual camera technology on the iPhone. Interestingly, the biggest investors in the company include Samsung, MediaTek and Foxconn—and electronics manufacturing company known for producing Apple’s iPhone models.
It’s yet to be seen how Samsung’s acquisition may affect the company’s collaborations with other phone makers. Rest assured, if the report is accurate, Samsung may end up with a massive zoom advantage over the competition in its camera technology.
Corephotonics was founded in 2012 by electro-optics professor at Tel Aviv University David Mendlovic, imaging expert Gal Shabtay, and entrepreneur Eran Kali.