Samsung Rumored to Acquire Corephotonics for $150m

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Globes, CTech, JNS report that Samsung is in talks to acquire Corephotonics for $150m. In 2016, Samsung and its investment branch, invested $15m in Corephotonics. So far, Corephotonics has raised $50m.

A year ago, Corephotonics sued Apple for alleged infringement on its dual camera zoom patents. Half a year ago, Corephotonics filed a second lawsuit.

Corephotonics has licensed its dual camera technology to Oppo and Xiaomi.

Corephotonics CEO David Mendlovic said in response to rumors “Samsung is an investor in our company. They have expressed interest by investing in us. There is nothing concrete [about an acquisition] at this stage. We will be happy to inform the public when we know anything.

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