Amidst legal battles with Apple, Inc., Samsung Electronics has announced that it will be buying CSR, the UK-based chipmaker, in a $310 million cash transaction.
The two leading companies have long been fighting over intellectual property rights and patent infringements for years. Now, with CSR as its newest weapon, Samsung may have gained the upper hand. The chipmaker is one of the pioneers of both WiFi and Bluetooth technologies, and plans to hand over 21 U.S. chip patents to Samsung, as well as an ongoing, royalty-free authorization to all of the company’s handset and location service-based patents.
According to the Financial Times, the development “also reflects Samsung’s focus on strengthening its components business, a month after Kwon Oh-hyun, who headed that division, was appointed as the company’s chief executive. The division’s profits fell by half in the first quarter even as the company’s overall pre-tax earnings rose 87%.”
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