Samsung makes first acquisition in over 10 years - and it’s Israeli
Posted on November 2, 2007 • By Miriam Schwab
Category: Business |
Samsung Electronics hasn’t bought a company since April 1997. Until this past Wednesday, that is, when the company acquired Tel Aviv-based TransChip Israel Ltd., reportedly for $70m. (If you try to visit www.transchip.com, you are redirected to a page on Samsung’s site about imaging solutions.)
TransChip was founded in 1999, and specialises in designing, developing, and marketing image sensors used in digital cameras — complementary metal-oxide semiconductor (CMOS) sensors.
Samsung spokeswoman Lee Eun-hee said TransChip would be renamed Samsung Semiconductor Israel R&D Center Ltd. and will become the Korean company’s 17th research and development centers around the world. Lee said Samsung bought TransChip “to enhance our competitiveness” in CMOS image sensors.
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[...] 3.Samsung Electronics made their first acquisition in ten years - Samsung paid $70M for none other than TransChip Israel Ltd (Tanschip’s old URL links to Samsung). Samsung spokeswoman Lee Eun-hee said TransChip would be renamed Samsung Semiconductor Israel R&D Center Ltd. and will become the Korean company’s 17th research and development centers around the world. [via IsraelPlug] [...]