It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Samsung snaps up CSR's mobile biz Samsung snaps up CSR's mobile biz
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Samsung snaps up CSR's mobile biz
Thread Tools
Old 18th July 2012, 06:25   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 97,507
Stefan Mileschin Freshly Registered
Default Samsung snaps up CSR's mobile biz

Samsung has snapped up the mobile arm of British chip designer CSR in a deal worth $310 million.

According to a Samsung statement, the deal will help strengthen its position as a producer of mobile chips, leveraging CSR’s mobile connectivity and location technologies.

This deal will have Samsung picking up various patents to use in its own chips, and will also see 310 development staff shifting over from CSR - around 12 percent of its staff.

Samsung will also invest $34 million in CSR’s shares to strengthen the firm’s current financial position. This has been somewhat precarious recently, but the news of the acquisition has seen shares soar.

CSR believes the deal will mean it can focus on five growth markets including, voice and music, automotive and bluetooth.

The transaction is expected to be completed during the final quarter of 2012 and should return $285 million to shareholders.

Speaking with TechEye, CSR's CEO Joep Van Buerden said the company's "location and connectivity product and team is cutting edge but stand-alone too small a piece of the handset puzzle to compete with the giants that have the whole jigsaw".

"The deal will accelerate our transformation into a higher gross margin platform company operating in attractive growth markets where we have a leading market position," Van Buerden said.

He added that the mobile arm is "far more valuable in Samsung's hands than in CSR's."
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
T-Mobile officially confirms Samsung Galaxy Note Stefan Mileschin WebNews 0 17th July 2012 08:46
SugarSync to ship with many Samsung mobile devices Stefan Mileschin WebNews 0 12th July 2012 09:20
Samsung Galaxy S III now available for pre-order on T-Mobile UK Stefan Mileschin WebNews 0 18th May 2012 07:07
Facebook snaps up mobile photo sharing firm Lightbox, decides Instagram isn't enough Stefan Mileschin WebNews 0 16th May 2012 07:33
T-Mobile Samsung Galaxy S II review Stefan Mileschin WebNews 0 12th October 2011 07:10
Samsung Q1 Ultra Mobile PC Sidney WebNews 0 6th May 2006 21:41
Samsung Ramps Up Mobile DDR2 Production jmke WebNews 0 25th January 2005 08:53

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 02:29.

Powered by vBulletin® - Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO