Samsung buys chipmaker CSR’s handset technology

Wednesday, 18 July 2012 00:52 - - {{hitsCtrl.values.hits}}

LONDON (Reuters): British chip firm CSR has sold its mobile phone connectivity and location technology to Samsung for $ 310 million in cash in a deal that boosts the South Korean company’s patent portfolio.

Samsung will also invest $ 34.4 million in buying a 4.9% stake in CSR at a price of 223 pence a share, CSR said in a statement on Tuesday.

CSR said the deal would enable it to focus on developing and selling chips in voice and music, automotive, indoor location, imagining and bluetooth.