Samsung has agreed an acquisition of the smartphone camera technology provider, allowing SanDisk, Western Digital, CK Telecom, MediaTek and Foxconn to exit.
Consumer electronics producer Samsung has agreed to buy Israel-based portfolio company and smartphone camera technology producer Corephotonics in a $155m deal that will hand exits to several corporates, Globes has reported.
Corephotonics designs duel-camera technology that helps mobile device users take professional photographs, integrating capabilities such as optical zoom, low-light performance, depth features and optical image stabilisation.
The company partners manufacturers to create components, catering them to the clients’ design and image specifications.
Samsung unit Samsung Ventures made an initial…
