As expected, Samsung has acquired British chip company CSR’s mobile phone connectivity and location technology division for $310 million in cash in deal, reports Reuters. Samsung also going to invest $34.4 million in order to buy 4.9 percent stake in CSR at a price of 223 pence a share.
The move strongly reflecting that Samsung taking no stone unturned on its components business. According to CSR, the deal would enable the company to focus on develop and sell chips in divisions like voice, music, automotive, indoor location, imagining and bluetooth.
The quarter first of the year seen Samsung’s semiconductors revenue fell 13 percent on year-on-year basis to $7 billion, while operating profit from the division declined by 54 percent, making a total of $665 million and by this deal hope the company figured out that condition will get better soon.