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Samsung purchases Israeli chip design company
Expanding into the image sensor market space
Samsung Electronics announced that it has purchased TransChip, an Israeli chip design firm. Samsung also indicated that it purchased the company to turn it into a research and development center in Israel.
TransChip specializes in designing, developing, and marketing image sensors, called CMOS sensors, that are used in digital cameras. Samsung indicated that it bought TransChip to expand its market share in the image sensor market.
Samsung is the world’s leading memory chip maker, and indicated that this is its first foreign acquisition since 1997 in the semiconductor area.
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