7/17/2012 12:03:43 PM
Samsung buys patents and technology from British chipmaker for $310m
Samsung has snapped up the handset connectivity and location development operations of British technology company CSR for $310m.
The acquisition was seen as a way Samsung can further develop its Galaxy range of smartphones. The Korean manufacturer has also been fighting patent battles worldwide and the acquisition has swelled its patent portfolio by 21. Samsung will also make an investment of $34m into the company, with 310 CSR staff switching to Samsung. The acquisition is expected to be completed by the fourth quarter of this year.
Stephen Woo, president of system LSI business, device solutions at Samsung Electronics, said: 'This strategic partnership combines Samsung’s world-class semiconductor technology with CSR’s cutting-edge wireless connectivity and location expertise. By leveraging CSR’s R&D capability, Samsung will strengthen its application processor platform and solidify its position as a leading semiconductor solutions provider.
'Samsung’s Exynos processor optimised with these wireless connectivity capabilities will provide our customers with an even broader mobile solution portfolio to expand their business opportunities.'
Editor: Graeme Neill