Samsung acquiring CSR Mobile-chip Manufacturer for $310 Million

Samsung is now acquiring the mobile division of British CSR specializing in making Bluetooth, GPS, WiFi and other chips for around $310 million, along with a 4.9% stake in the company. The acquisition will give Samsung access to 21 patents key to the US market, all owned by CSR.

The acquisition will entail the move of 300 employees from CSR to Samsung.

Press Release