Samsung has announced that it will purchase a mobile technology unit from British firm Cambridge Silicon Radio (CSR), the company specializes in mobile connectivity and location technologies.
Samsung will pay CSR a total of $310 million for the mobile technology unit, and they will also purchase a total of $34 million worth of CSR shares to increase its ties with the company.
CSR is one of the global leaders in Bluetooth, WiFi and GPS technologies, and Samsung is looking to use their newly acquired technology in future smartphones and tablets.
“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,” Samsung said.
Location services seem to be popular with mobile companies at the moment, with Google and Apple both improving their mobile location offerings, Samsung obviously has something new planned for future devices.
Source AFP
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