San Diego
15 October 2014
Reporter: Tammy Facey

Qualcomm acquires CSR


3G and 4G next generation wireless technologies company Qualcomm Incorporated has reached an agreement with CSR for a cash acquisition of the business.

Qualcomm Global Trading, a wholly owned subsidiary of Qualcomm Incorporated will acquire the ordinary share capital of CSR valued at approximately £1.6 billion.

The acquisition will add products, channels, and customers in the growth categories of Internet of Everything (IoE) and automotive infotainment.

Steve Mollenkopf, chief executive officer of Qualcomm Incorporated said: “We look forward to working with the innovative CSR team globally and further strengthening our technology presence in Cambridge and the UK."

"The addition of CSR's technology leadership in Bluetooth, Bluetooth Smart1 and audio processing will strengthen Qualcomm's position in providing critical solutions that drive the rapid growth of the Internet of Everything.”

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