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Samsung to Acquire CSR’s Technology and Handset Division for $310 Million

by Todd Haselton | July 17, 2012July 17, 2012 8:00 am PST

CSR and Samsung announced recently that Samsung plans to acquire CSR’s technology and handset division for $310 million. Samsung hopes the acquisition will help it grow as a more powerful payer in the semiconductor industry and said that the deal also includes patents and 310 of CSR’s employees.

“Our team and technology – location and connectivity – is in its own right an extremely important part of that platform, but it is even more important if it completes your product offering and that is exactly what Samsung is doing,” CSR CEO Joep van Beurden told Reuters Tuesday. CSR has failed to remain competitive in the industry, which has been largely dominated by Samsung, Intel and Qualcomm, van Beurden explained.

“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 president of the Systems LSI and Device Solutions business told Reuters.

We’re guessing the main reason for Samsung’s decision to acquire CSR was to boost its patent portfolio, however. Samsung and Apple have been in several legal battles around the globe — most recently in the U.S. where Apple focused on banning the Galaxy Nexus and Galaxy Tab 10.1 — and any additional ammo could help the South Korea-based firm keep its products on store shelves and avoid injunctions.

CSR said it will dole out $285 million of the total $310 million received from Samsung to its investors. The deal is expected to close during the fourth quarter of this year, Reuters said.

[via Reuters]

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...