Samsung Electronics Overview
Samsung Electronics develops and manufactures high-tech electronics and digital media. The company produces smartphones, wearable devices, tablets, cameras, digital appliances, printers, network systems, medical devices, semiconductors, Internet of Things, and LED solutions. Samsung Israel R&D Center (SIRC) was established in 2007 following the acquisition of Israeli start-up TransChip. It is part of Samsung's Device Solutions division. SIRC develops advanced camera, image processing, and computer-vision technology. Its products are part of Samsung's CMOS image sensors and mobile and automotive SoC product lines. In addition, SIRC runs an advanced flash memory research lab. Samsung R&D Institute Israel (SRIL) was established in 1997 with the role of developing advanced technologies. SRIL runs an Open Innovation team that includes a Technology Collaboration Group and a program called RUNWAY to promote dedicated proof-of-concept projects. Both teams allow Samsung to evaluate possible integration of Israeli technologies into Samsung products. Samsung also has marketing and distribution activities with Samsung Electronics Israel.
Latest News
/PRNewswire/ -- Nova (Nasdaq: NVMI) today announced that its co-authored paper with Samsung Electronics on "On-Cell Thickness Monitoring of Chalcogenide Alloy...
growth-positive
https://www.jpost.com/jpost-tech/samsung-innovation-chief-israel-key-to-remaining-at-techs-cutting-edge-602292
The article discusses the role of David Eun, the chief innovation officer of Samsung Electronics and president of Samsung NEXT, in driving innovation and future growth opportunities for the company. Eun emphasizes the importance of embracing change and seeking innovative solutions. Samsung NEXT has made 15 investments in Israel, prioritizing the countrys hi-tech ecosystem. The article highlights Samsungs interest in Israeli start-ups and its ability to provide commercial experience and expertise for global success. Eun also discusses the integration of hardware and software, the emergence of innovative business models, and the shift in consumer behavior towards experiences over material possessions. He draws parallels between South Korea and Israel in terms of their success through education and knowledge. Overall, the article portrays a growth-positive impact on Samsung Electronics through its focus on innovation and partnerships.
Partners
growth-positive
Samsung leases six floors in Tel Aviv's Azrieli Town
Samsungs management in Israel has signed a long-term lease with Israeli property company Azrieli Group for office space in the Azrieli Town project in Tel Aviv. The project includes a 35-floor office building, a 50-floor residential tower, commercial space, and a parking lot. The lease is for six floors with 9,000 square meters. Azrieli Group has already signed agreements to rent out nearly 100% of the office space in the project, with tenants including WeWork, Fischer Behar Chen Well Orion & Co., and Kesselman and Kesselman - PwC.
Partners
growth-positive
Samsung subsidiary Harman sees Israel as key to autotech strategy, CEO says
Harman International Industries, a subsidiary of Samsung Electronics, has opened a new facility in Israel that will serve as its headquarters in the country. The 46,000-square foot facility includes a smart-car lab for researching and testing cybersecurity, software, and automotive cloud solutions. The new center consolidates Harmans existing research and development centers in Israel. Harmans president and CEO, Dinesh Paliwal, highlighted the importance of Israels innovation and entrepreneurial spirit in enabling the companys growth. Harman has also acquired three Israeli startups in the past five years.
Expand
growth-positive
Samsung In Talks To Open AI Center in Israel
Samsung is in talks to potentially open an Artificial Intelligence research center in Israel. The center would employ dozens of engineers. Samsung would be joining Intel and Amazon in launching AI centers in Israel.
PartnersInvestment
Team Members
3
Employees: 201-500
Web & Social Links
| Website | www.samsung.com |
Locations
Yakum Industrial Park, Yakum, Israel
Derech Menachem Begin 146, Tel Aviv-Jaffa, Israel
Suwon-si, Gyeonggi-do, South Korea
Photos & Videos
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Samsung Electronics Business
Business models
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Product stage
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Employees
201-500
Sector
—Target Customer
—Core Technology
—Tags (13)
innovation-centercomputer-visionwearableiotimage-processingsensorsmachine-learningmachine-visionvideo-image-processingdeep-learningalgorithmsartificial-intelligencesemiconductorsSamsung Electronics Financials
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Samsung Electronics Lifecycle
Samsung Electronics News
11 articles/PRNewswire/ -- Nova (Nasdaq: NVMI) today announced that its co-authored paper with Samsung Electronics on "On-Cell Thickness Monitoring of Chalcogenide Alloy...
growth-positive
https://www.jpost.com/jpost-tech/samsung-innovation-chief-israel-key-to-remaining-at-techs-cutting-edge-602292
The article discusses the role of David Eun, the chief innovation officer of Samsung Electronics and president of Samsung NEXT, in driving innovation and future growth opportunities for the company. Eun emphasizes the importance of embracing change and seeking innovative solutions. Samsung NEXT has made 15 investments in Israel, prioritizing the countrys hi-tech ecosystem. The article highlights Samsungs interest in Israeli start-ups and its ability to provide commercial experience and expertise for global success. Eun also discusses the integration of hardware and software, the emergence of innovative business models, and the shift in consumer behavior towards experiences over material possessions. He draws parallels between South Korea and Israel in terms of their success through education and knowledge. Overall, the article portrays a growth-positive impact on Samsung Electronics through its focus on innovation and partnerships.
Partners
growth-positive
Samsung leases six floors in Tel Aviv's Azrieli Town
Samsungs management in Israel has signed a long-term lease with Israeli property company Azrieli Group for office space in the Azrieli Town project in Tel Aviv. The project includes a 35-floor office building, a 50-floor residential tower, commercial space, and a parking lot. The lease is for six floors with 9,000 square meters. Azrieli Group has already signed agreements to rent out nearly 100% of the office space in the project, with tenants including WeWork, Fischer Behar Chen Well Orion & Co., and Kesselman and Kesselman - PwC.
Partners
growth-positive
Samsung subsidiary Harman sees Israel as key to autotech strategy, CEO says
Harman International Industries, a subsidiary of Samsung Electronics, has opened a new facility in Israel that will serve as its headquarters in the country. The 46,000-square foot facility includes a smart-car lab for researching and testing cybersecurity, software, and automotive cloud solutions. The new center consolidates Harmans existing research and development centers in Israel. Harmans president and CEO, Dinesh Paliwal, highlighted the importance of Israels innovation and entrepreneurial spirit in enabling the companys growth. Harman has also acquired three Israeli startups in the past five years.
Expand
growth-positive
Samsung In Talks To Open AI Center in Israel
Samsung is in talks to potentially open an Artificial Intelligence research center in Israel. The center would employ dozens of engineers. Samsung would be joining Intel and Amazon in launching AI centers in Israel.
PartnersInvestment
growth-positive
Samsung opens Tel Aviv branch to invest in local software tech
Samsung Global Innovation Center (GIC) has opened a branch in Tel Aviv, Israel, called Samsung NEXT, to invest in Israeli start-ups and entrepreneurs, with a focus on software development. The Tel Aviv office will work with start-ups at every stage of development, from incubation to acquisition and partnership. The office will focus primarily on areas such as artificial intelligence, cybersecurity, virtual and augmented reality technologies, the Internet of Things, and big data technologies. The company plans to combine its hardware activities with software.
InvestmentExpand
growth-positive
Samsung founding startup accelerator in Israel
Samsung is launching a startup accelerator in its development center in the Yakum industrial park. The accelerator, the first of its kind in the world, is currently looking for 6-10 startups for its first cohort, which will open towards the end of the year. The focus is on companies in their early stages, before feasibility studies. Samsung is looking for ventures in mobile communications, information security, wearable computers, big data, cloud computing, mHealth, biometric identification, wireless charging, and autonomous vehicles. The startups that join the accelerator will receive a $50,000 grant (without equity), together with a work site, a laboratory, business and professional advice from mentors from within and outside Samsung, and connections to Samsung business units in South Korea.
InvestmentExpand
growth-positive
Inside Samsung's innovation center: The Israel hub hothousing the next big thing in tech ZDNet
Samsungs Strategy and Innovation Center (SSIC) in Tel Aviv is focused on business development and finding disruptive technologies. The SSIC operates differently from other incubators, providing funding, hosting, and scientific help to startups. Samsung invests in both new and mature companies in areas such as mobile health, Internet of Things, augmented reality, and datacenter storage. Notable startups incubated by the SSIC include StoreDot, which is developing a fast-charging smartphone battery, and EarlySense, which is working on a sensor for monitoring vital signs. Another startup, SensiFree, has developed a body sensor that can take measurements without skin contact. The SSIC aims to accelerate innovation and integrate startups technologies into Samsungs future research platforms.
PartnersInvestmentAcquisition
growth-negative
Samsung fires 25 at Israel development center
Samsung Israel is laying off 25 employees at its R&D center in Ramat Gan, with a focus on outsourcing analog and Asic sectors. The company is shifting its emphasis to mobile health, with plans to develop a wearable computer for monitoring and health. Samsung R&D Israel also wants to expand its computer vision business and improve communication with users. The company has recruited 10 employees in these areas and plans to add 20 more by the end of the year. The layoffs and expansion indicate a growth-negative impact on the company.
LayoffsExpand
growth-positive
Streaming Entertainment Startup Boxee Acquired By Samsung For Around $30M
Israeli and NYC-based streaming media and entertainment startup Boxee has been acquired by South Korean electronics giant Samsung. The deal is reported to be around $30 million and will see the entire Boxee team of around 45 people work under Samsung. Boxees hardware is currently made by D-Link, but it is expected that Samsung would want to refocus the team on its own hardware. The acquisition could potentially provide Samsung with built-in Smart TV capabilities and set-top devices that can stream media from its Android phones as well as provide cloud DVR functionality.
AcquisitionCustomersManagement Changes
growth-positive
Samsung Electronics buys Israeli image sensor developer, first acquisition in a decade
Samsung Electronics has acquired Israeli image sensor developer TransChip Israel Ltd. for an undisclosed amount. The acquisition is aimed at enhancing Samsungs competitiveness in CMOS image sensors used in digital cameras and mobile phones. TransChip Israel Ltd. will be renamed Samsung Semiconductor Israel R&D centre Ltd. This is Samsungs first acquisition in over a decade. The move is seen as a strategic step to strengthen Samsungs position against mobile phone rivals such as Nokia, Motorola, and LG Electronics, particularly in high-end handsets that focus on camera functions. Samsung also announced that it is set to reach a sales milestone of $100 billion for the first time in its history.
Acquisition
Samsung Electronics Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 308 |
| Team members | 3 |
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Samsung Electronics Internal
Recent Updates
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· eranl@sncentral.org · Automatic · 2024-12-05 15:09:31.000000
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Admin Info
| Confidence | 70/100 |
| Missing | product stage, sector, business model, video or image, funding rounds, markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Crunchbase | samsung-electronics |
| Phone | +97237536300 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2022-10-25T00:00:00.000Z |
| Created | 2016-03-30T00:00:00.000Z |
| Status detail | Public on KRX on Oct, 2010; |