Qualcomm Inc. said Aug. 13 that it wrapped up its $2.4 billion acquisition of British semiconductor maker CSR PLC.
CSR, or Cambridge Silicon Radio, is a fabless provider of end-to-end semiconductor and software solutions for the Internet of things as well as the automotive field. “Fabless” means that the company does not manufacture its products, but outsources manufacturing.
Qualcomm (Nasdaq: QCOM) said deal was completed at an enterprise value of $2.2 billion, and an equity value of $2.4 billion, assuming an exchange rate of $1.56 to the British pound.
The deal was first announced in October — long before Qualcomm announced plans to restructure.
In other news, Qualcomm announced Aug. 12 that it was introducing next-generation architecture for its chips — specifically the graphics processing units and image signal processors — which will become part of the company’s high-end Snapdragon 820 chip. The new chips will offer up to 40 percent lower power consumption and 40 percent faster performance, compared with the previous model.
Devices based on the Snapdragon 820 are expected to come to market in the first half of 2016, Qualcomm said.
The technical press was reporting rumors that Samsung might use the Snapdragon 820 in its Galaxy S7 — which would be big news since Samsung used a chip developed in-house for its Galaxy S6.