Source AP ©

South Korea's Samsung buys Israeli image sensor developer

South Korea's Samsung Electronics Co. said Wednesday it has purchased an Israeli developer of image sensors, its first acquisition in a decade.

Samsung purchased TransChip Israel Ltd. and turned it into one of its research and development centers, said Samsung spokeswoman Lee Eun-hee.

The Korea Economic Daily newspaper reported Wednesday that Samsung paid US$70 million (EUR48.5 million) for TransChip. Lee said she could not disclose the purchase price.

Lee said the purchase was made "to enhance our competitiveness" in CMOS image sensors, which are incorporated into semiconductors used in mobile phones and digital cameras.

Lee could not immediately say where in Israel the company was based, whether it was privately or publicly held or when the purchase took place. She said it was Samsung's first acquisition since 1997, but could not immediately provide details about the previous purchase.

Comments
Sanctioned and isolated, Russians take palm of global leadership away from Americans
Sanctioned and isolated, Russians take palm of global leadership away from Americans
Sanctioned and isolated, Russians take palm of global leadership away from Americans
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
U.S. Humiliates South Korea, Threatens North Korea
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
U.S. Humiliates South Korea, Threatens North Korea
It is about time Russia should exit Western project
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
It is about time Russia should exit Western project
It is about time Russia should exit Western project
It is about time Russia should exit Western project
U.S. Humiliates South Korea, Threatens North Korea
It is about time Russia should exit Western project
Ukraine's Western allies point their guns at President Poroshenko
U.S. Humiliates South Korea, Threatens North Korea
U.S. Humiliates South Korea, Threatens North Korea
Ukraine's Western allies point their guns at President Poroshenko
USA prepares Russia's neighbours for WWIII