Samsung Electronics recently invested into Core Photonics, an Israeli manufacturer of dual-camera systems. The investment was officially made on Thursday by the conglomerate's venture capital firm Samsung Venture Investment, industry sources told Business Korea. Details on Samsung's latest investment are still unknown, but the Israeli tech company reportedly received around $15 million from the South Korean tech giant, Foxconn, and MediaTek combined. Neither Samsung nor any of the other companies mentioned by the report have yet issued a comment on the matter.
Counting this latest round of funding, the Tel Aviv-based Core Photonics has raised approximately $50 million since being established in 2012. The imaging firm has so far worked with Qualcomm and several other prominent tech companies, in addition to debuting a range of dual-camera products like the Night Owl Camera, Hummingbird Camera, and the Hawkeye Camera. While developing consumer-grade products is part of its portfolio, Core Photonics also deals in mobile camera systems and recent reports say the company will use its newly raised funding to develop a new generation of this technology. Apart from creating a smartphone camera system, the Tel Aviv firm is also allegedly interested in producing action cameras.
Dual cameras are currently an attractive option for Android OEMs as they allow them to improve the image capturing capabilities of their phones without shipping devices featuring a camera bump. Samsung itself recently applied for one such patent detailing a combination of a wide-angle lens and a telephoto lens used for tracking objects located at varying distances from the camera. Other Android OEMs like LG and Huawei have already started implementing dual cameras into their flagship devices, and Samsung is expected to follow suit shortly. While there have been conflicting reports about whether the upcoming Galaxy S8 will feature a dual camera system or not, it seems likely that the South Korean tech giant will incorporate this solution into its premium handsets in the near future. This latest investment in Core Photonics is just further evidence of Samsung Mobile's growing focus on dual camera technology despite the fact that the actual investment was made by its sister company operating under the umbrella of Samsung Electronics.