X-Ray Startup Enlists SK Hynix to Disrupt Century-Old Market

Nano-X Imaging Ltd., a startup founded by Israeli investor Ran Poliakine, is joining forces with South Korean chipmaker SK Hynix Inc. to build a machine that could disrupt a century-old X-ray industry.

Valued at about $2 billion after listing on Nasdaq last month, Nano-X is seeking to transform a multi-billion-dollar industry that has essentially relied on the same technology since Nobel prize winner Wilhelm Roentgen discovered X-rays in the late-19th century. Nano-X’s device uses semiconductors instead of metal filaments to generate X-rays.