Samsung buys chip maker CSR mobile divison, key patents for over $310 million

Samsung buys chip maker CSR mobile divison, key patents for over $310 million
Samsung is looking to strengthen its patent portfolio and to do that it 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.

“I believe that under Samsung’s ownership the handset operations will be in a better position to prosper in the global handset market,” CSR head Joep van Beurden said. “I would like to thank all our colleagues who will be transferring to Samsung for their outstanding service to CSR over many years.”

CSR has entered its toughest years as clients like Nokia and RIM are struggling and profits have taken a nosedive. Now, nearly all the money CSR gets from Samsung will get back to previously unhappy shareholders in the form of a dividend.

source: CSR via GigaOM

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7 Comments

1. ThePolak

Posts: 14; Member since: Jan 26, 2012

Now this is interesting news, maybe those patents will help Sammy to get some relieve from patent struggles.

7. ph00ny

Posts: 2055; Member since: May 26, 2011

patent struggle? Samsung is probably in the top 2 in terms of mobile business releated patents

2. Phullofphil

Posts: 1822; Member since: Feb 10, 2009

I was very interested in this article but all the info was really in the title I don't understand why they didn't include what 20 something patents they were and what different it would make or why Samsung really bought the business

3. som

Posts: 768; Member since: Nov 10, 2009

Phone Arena didn't listed the 21 patents until they get more info. from Samsung.

4. APPLE_R0YALLY

Posts: 73; Member since: May 08, 2012

Good News....!®

5. remixfa

Posts: 14605; Member since: Dec 19, 2008

good. now samsung needs to take a page from Apple and sue Apple over every little thing. They are the only company in the android-apple game besides google that has enough money to keep litigation going and give apple a taste of its own sour medicine.

6. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

Good move, it will be interesting to see if they ban Apple from using Wi-Fi, GPS and Bluetooth; the iPad will explode and the iPhone will be left on a Network radio ("Searching for iSiGnal"). Guess it's time to sell my iPhone 4S.

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