Samsung to acquire Israeli smartphone camera company

The latest Jewish News

Read this week’s digital edition

Click Here

Samsung to acquire Israeli smartphone camera company

Telephone giant signs deal to buy Corephotonics Ltd. in move worth approximately £117m

Samsung shop front. (Source: Wikimedia Commons. Raysonho @ Open Grid Scheduler / Grid Engine)
Samsung shop front. (Source: Wikimedia Commons. Raysonho @ Open Grid Scheduler / Grid Engine)

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.

Help perform the greatest mitzvah: save a life

While life in Israel has returned to normal and hopes are high that Britain is set for a summer without restrictions thanks to vaccines, for billions around the world there is no such imminent light at the end of the tunnel. In the majority of countries around the globe, particularly the poorest, the vaccine rollout has barely kicked off.

That's why Jewish News, the leading source of news and opinion for the entire UK community, is throwing its full weight behind UNICEF’s VaccinAid campaign by using this platform usually reserved for encouraging donations towards our own journalism to instead urge our readers around the globe to perform the greatest mitzvah: saving a life.

We have never before done this for any charity fundraiser but it's hard to recall a campaign that affects so many people, and indeed an entire planet aching for a return to normality. Just like the Chief Rabbi and Rachel Riley, we hope to boost the mission to deliver two billion vaccines, 165 million treatments and 900 million test kits around the world by the end of this year.

Please donate as much as you can, in the spirit of the Talmudic sages: “to save one life is to save the world entire”

read more: