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Wednesday, October 31, 2007

Samsung Buys Transchip

Reuters: Long rumored, it's official now: Samsung has bought Transchip, an Israeli image sensor vendor, in order to turn it into an R&D center. Samsung declined to publish the value of the transaction.

"We are aiming to enhance our presence in the image sensor area," a Samsung spokeswoman told Reuters.

This is Samsung's first foreign acquisition in the semiconductor area since 1997, the company said.

Update: International Herald Trubine says that The Korea Economic Daily newspaper reported the purchase price was $70M.

Digital Chosunilbo: Reborn as the Samsung Semiconductor Israel R&D Center, the company works on CMOS image sensors and has some 60 staff.

Globes: Sources inform that Samsung plans to expand the R&D center, which currently has 70 employees, and might also expand its activity to new fields.

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