comment on this article

Samsung buys CSR’s mobile technology for $310m

Joep van Beurden, ceo, CSR

Samsung has announced that it will acquire chipmaker CSR's mobile technology business in a deal worth $310million.

Under the agreement, Samsung will gain full access to CSR's mobile connectivity and location technology, transfer relevant patents and employ over 300 CSR employees. It will also pay $34m for a stake in the company.

"By leveraging CSR's R&D capability, Samsung will strengthen its application processor platform and solidify its position as a leading semiconductor solutions provider," said Stephen Woo, president of system LSI business, device solutions at Samsung.

"I believe that under Samsung's system LSI operations the mobile connectivity and location technology will be in a position to prosper in an increasingly competitive global mobile device market," commented CSR ceo Joep van Beurden, pictured.

The transaction is expected to be completed by Q4 this year.

Author
Simon Fogg

Comment on this article


This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

Enjoy this story? People who read this article also read...

What you think about this article:


Add your comments

Name
 
Email
 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

BEEAs 2013 round up

The Grand Prix at this year's British Engineering Excellence Awards goes to the ...

Supporting start ups

For 15 years, the Sophia Antipolis Microelectronics Forum (SAME) has encouraged ...

Always innovating

Check out this brief video promo for an all new website that explores TI ...

Rory Read, CEO, AMD

When Rory Read joined AMD in 2011 it was a company in trouble, but he has led ...