Samsung Electronics and CSR Announce Strategic Partnership
July 17, 2012 -- Samsung Electronics, a world leader in advanced semiconductor solutions, and CSR, a global leader in wireless connectivity and location technologies, today announced a strategic collaborative relationship by aligning their respective business visions, investments and key technologies.
Under the terms of the agreement, Samsung will gain full access to CSR’s mobile connectivity and location technology and transfer certain relevant patents, as well as employ over 300 CSR employees in the selected field for the cash consideration of $310 million. In addition, Samsung will receive perpetual rights to CSR’s intellectual property related to connectivity and location technology such as Bluetooth®, Wi-Fi® and GPS reinforcing Samsung’s leadership in mobile component solutions.
The deal will enable both companies to better align their current development efforts and future product roadmaps, while accelerating their time-to-market for rapidly evolving demands within the market.
As part of the relationship, Samsung will make an investment of approximately $34 million in CSR’s ordinary shares upon closing.
"This strategic partnership combines Samsung’s world-class semiconductor technology with CSR’s cutting edge wireless connectivity and location expertise. By leveraging CSR’s R&D capability, Samsung will strengthen its application processor platform and solidify its position as a leading semiconductor solutions provider," said Stephen Woo, president of System LSI Business, Device Solutions, Samsung Electronics. "Samsung’s Exynos processor optimised with these wireless connectivity capabilities will provide our customers with an even broader mobile solution portfolio to expand their business opportunities."
"This transaction will accelerate our transformation into a more competitive platform company operating in attractive growth markets where we have a leading market position.," said Joep van Beurden, CEO of CSR "This cooperation appreciates the global value and competitiveness of CSR achieved through the talent, expertise and dedication of our people. I believe that under Samsung’s System LSI operations the mobile connectivity and location technology will be in a position to prosper in an increasingly competitive global mobile device market."
Upon the completion of the transaction, Samsung plans to organise the resources and assets from CSR as a multi-site R&D centre for connectivity and location products development.
The transaction is expected to be completed by the fourth quarter of this year.
|
Related News
- Samsung Electronics and AMD Extend Strategic IP Licensing Agreement To Bring AMD Radeon™ Graphics to Future Mobile Platforms
- Quantenna Announces Strategic Partnership with Samsung Electronics to Develop Next-Generation Wireless Products
- ARM and Samsung Electronics Extend Strategic Long-Term Licensing Agreement
- ARM and Samsung Electronics extend strategic alliance with long-term licensing agreement
- Samsung Electronics To Provide Turnkey Semiconductor Solutions With 2nm GAA process and 2.5D Package to Preferred Networks
Breaking News
- JEDEC® and Industry Leaders Collaborate to Release JESD270-4 HBM4 Standard: Advancing Bandwidth, Efficiency, and Capacity for AI and HPC
- BrainChip Gives the Edge to Search and Rescue Operations
- ASML targeted in latest round of US tariffs
- Andes Technology Celebrates 20 Years with New Logo and Headquarters Expansion
- Creonic Unveils Bold Rebrand to Drive Innovation in Communication Technologies
Most Popular
- Cadence to Acquire Arm Artisan Foundation IP Business
- AMD Achieves First TSMC N2 Product Silicon Milestone
- Why Do Hyperscalers Design Their Own CPUs?
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- New TSN-MACsec IP core for secure data transmission in 5G/6G communication networks
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |