Samsung Grows Its Mobile Chip Business
Samsung already produces chips that power mobile devices including the iPhone and its own Galaxy S line of smartphones (left). But, the Korean tech giant is gearing up to grow its portfolio later this year by acquiring the mobile phone division of U.K.-based chip-maker Cambridge Silicon Radio (CSR).
The deal, which was announced in July and is valued at $310 million, will grant Samsung full ownership over all of CSR’s operations, employees and intellectual property related to its mobile connectivity and location unit. A total of 21 patents, including those for Bluetooth, Wi-Fi and mobile GPS technologies, will be transferred over to Samsung.
In addition to its purchase of CSR's mobile division, Samsung is also paying $34 million for a 4.9 percent stake in CSR.