Samsung Electronics is planning to purchase Core Photonic, an Israeli multi-camera startup.
Samsung Electronics is reportedly pushing for the $150M USD (165B KRW) acquisition for key technologies such as optical zoom, low-light photography, and optical photography.
It is heard that its relationship with Samsung first started through $15M USD investment that Samsung Venture Investment and others participated in in January 2017 and has been working on technical cooperation since then.
If the acquisition is confirmed, it will be recorded as Samsung Electronics’ first M&A move in 2019. Samsung Electronics acquired K-Engine, which is an artificial intelligence search engine, and G-Labs, which is a network quality management and evaluation company, last year.
