San Diego-based Qualcomm announced Wednesday it will acquire CSR, a British semiconductor company, in a deal worth $2.5 billion.
CSR, which is based in Cambridge, develops chips and software for voice and music applications, automotive information and entertainment, and wireless networking.
The acquisition is subject to U.S. and other regulatory approvals and the approval of CSR’s shareholders.
“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.
“Combining CSR’s highly advanced offering of connectivity technologies with a strong track record of success in these areas will unlock new opportunities for growth. We look forward to working with the innovative CSR team globally and further strengthening our technology presence in Cambridge and the UK.”
