Israel’s Automotive Tech Industry Is Poised for the Future

How did a country with no native automakers and scant car culture build an automotive tech scene that rivals Silicon Valley’s? Israel has no native automotive industry. Aside from Autocars—a mid-20th-century experiment in fiberglass-bodied rattletraps that produced the Holy Land’s answer to the Trabant—passenger cars have never been built there in any significant numbers. And[…]

Vitec buys Amimon

The acquisition price is $55 million in cash, slightly more than the $53.6 million Amimon has raised since it was founded in 2004. Israeli chip company Amimon has been sold for $55 million to UK-based Vitec. The acquisition price is slightly more than the amount Amimon had raised ($53.6 million). The main investors in the company are[…]

MediaTek and Autotalks are cooperating on integrating V2X and telematics

Autotalks and MediaTek cooperate to help car makers and tier-1s integrate C-V2X and telematics securely and efficiently MediaTek (TWSE: 2454), a global fabless semiconductor company that enables 1.5 billion connected devices a year, and Autotalks, a world leader in V2X (Vehicle to Everything) communication solutions, are cooperating on integrating V2X and telematics. As part of[…]

Samsung acquires Corephotonics South Korea multinational Samsung Electronics Co. Ltd. has acquired Israeli startup Corephotonics, which brings high quality camera images to smartphones, for $155 million, Calcalist financial website reported on Monday. Corephotonics has developed a dual-lens phone camera that can produce crystal-clear images even when the zoom function is used. Because the parallel 13-megapixel lenses also have their[…]