Qualcomm to make a $2.5B bet on Bluetooth with CSR buy


Qualcomm will buy one of the most venerable British technology companies, the chip design firm CSR, once known as Cambridge Silicon Radio.

[company]CSR[/company] was one of the pioneers in Bluetooth technology, and these days – having sold off its mobile business to Samsung a couple years back – it is again concentrating on the technology, in particular Bluetooth LE/Smart, the low-power variant designed for connecting internet of things devices.

The company recently rejected a takeover bid, rumored to be worth as much as $3 billion, from U.S. firm Microchip, on the basis that the price was insufficient. [company]Qualcomm[/company] said late Tuesday that it will pay around $2.5 billion for CSR, so perhaps those rumors were somewhat overenthusiastic.

Qualcomm said the buy will give it more “products, channels and customers” in the internet of things — an area where it is already intensely active — and in automotive infotainment, another…

View original post 305 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s