Qualcomm acquires Bluetooth chip vendor CSR for $2.5 billion

By Harish Jonnalagadda on 15 Oct 2014 07:16 am

Qualcomm is further broadening its push in to the world of connected devices by announcing that it has agreed to acquire UK-based chip vendor CSR for $2.5 billion.

The move bolsters Qualcomm's portfolio in the IoT segment considerably, as CSR specializes in categories like Bluetooth chips and navigation. The acquisition will be under the scrutiny of regulatory authorities as Qualcomm already designs chips for the mobile segment, and barring any regulatory hurdles, the deal is estimated to be finalized by the summer of 2015.

Qualcomm wasn't the first silicon vendor to court CSR, as micro controller manufacturer Microchip Technology also made a bid to acquire the British vendor earlier this year. That deal was ultimately turned down. Interestingly, Samsung owns 4.9 percent stake in CSR following an investment made in 2012, and once Qualcomm's deal goes through, the South Korean manufacturer is in for a windfall.

What kind of connected devices are you looking forward to from Qualcomm?

Source: Qualcomm

Harish Jonnalagadda Harish Jonnalagadda "Newsroom Warrior for Mobile Nations" 115 (articles) 0 (forum posts)