TMCnet News

United States : QUALCOMM to purchase CSR to speed-up its IOT growth [TendersInfo (India)]
[October 29, 2014]

United States : QUALCOMM to purchase CSR to speed-up its IOT growth [TendersInfo (India)]


(TendersInfo (India) Via Acquire Media NewsEdge) Qualcomm has signed agreement with CSR, where the share capital of CSR will be purchased at a rate of £9.00 per share, which is valued about US dollar 2.5 Billion.

UK-based fabless Wireless semiconductor chip maker CSR is one of the fast-grown companies in the area of Bluetooth, however from past 1 year or little more, CSR is not seeing the same level of growth, what it has seen before. CSR may find the purchase proposal by Qualcomm a somewhat welcome.



To boost its revenue growth, CSR aimed on IOT or IOE market with its Bluetooth smart and other wireless products. CSR has constructed good number of intellectual property in the area of Bluetooth and Bluetooth smart, it has moderately good customer base in the consumer and automotive domain.

Qualcomm, the company which can be ranked as a global number one wireless chip vendor in the area of mobile communication, and short-range Wi-Fi and Bluetooth, is insistently focusing on the IOT market with some successful product launches. CSR is excellent match to fill the gaps in its Bluetooth offerings.


Microcontroller specialist Microchip earlier to Qualcomm proposed to purchase CSR, however the deal did not materialise. It looks like CSR is lucky to get a better bidder such as Qualcomm.

On the revenue growth plan of CSR in 2014, its CEO Joep van Beurden made below comments to this writer in a video interview published in the month of February 2014: "There are two parts of our business one is a core business and other is legacy. the legacy business is the business we do not invest and that is typically low margin business and mostly selling Bluetooth chips into phones. Our legacy businesses shrinking and our core businesses rising. Our core business is high margin and in the automotive infotainment, Bluetooth smart, voice and music, and streaming audio, all this is doing well quite a lot. Internet of things is quite small but have a very high expectation there. " (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info).

[ Back To TMCnet.com's Homepage ]