Samsung booth being set up at the 2012 CES conference

Samsung buys UK chipmaker CSR's mobile business

British chipmaker CSR has sold its mobile phone connectivity and location technology to Samsung for $310 million (£198m).

The deal will boost Samsung's patent portfolio, and the South Korean company will also invest $34.4 million (£21.9m) in buying a 4.9 per cent stake in CSR.

CSR chief executive Joep van Beurden said the deal unlocked value for shareholders, and would enable the company to focus on areas where it had a leading market position, such as audio, automotive, indoor location, imagining and bluetooth.

"I believe that under Samsung's ownership the handset operations will be in a better position to prosper in the global handset market," he said.

CSR's position in handsets had faltered in recent years because its chips had been included in few fast-selling smartphones, although it was trying to make up lost ground with a new wi-fi bluetooth combination chip.

It has had more success in its audio technology, where its technology is used in high-end headphones such as those made by Sennheiser and the "Beats by Dr Dre" range.

The British company said it would return up to $285 million to shareholders following the deal, which is expected to complete in the fourth quarter.

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