California based, Qualcomm Incorporated, a global semiconductor company that designs and markets wireless telecommunications products and services has announced that it is acquiring multinational chipmaker CSR PLC in a USD 2.5 billion (INR 15,000 crore) deal.
The acquisition is made to accelerate Qualcomm’s current offerings by adding products, channels, and customers in the important growth categories of Internet of Everything (IoE) and automotive infotainment. Qualcomm, which is best known for its processor chips in smartphones and mobile devices, hopes to strengthen its positioning in the upcoming technologies as well.
“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, including business areas such as portable audio, automotive and wearable devices,” said Steve Mollenkopf, chief executive officer of Qualcomm Incorporated.
CSR, short for Cambridge Silicon Radio, specialises in connectivity, with its chips used in products such as portable audio speakers and Apple-owned (AAPL.O) Beats headphones. It was a pioneer in the market for wireless Bluetooth technology, which is now mushrooming in popularity for use in wireless audio speakers, network-connected appliances in homes and for use in so-called “connnected car” features in autos.Category Business Investments