webleads-tracker

Home  >  IMAGING  > Qualcomm buying CSR Israel imaging unit for $45 million...
  >  IMAGING
Jul 5th, 2014
 
Qualcomm buying CSR Israel imaging unit for $45 million
 
Qualcomm, the U.S. maker of semiconductors for mobile phones, is buying the Israeli operations of CSR for about $45 million.
Send to a friend

Buying the local operations of CSR, gives Qualcomm imaging technology, which includes wireless photo transfer to geo-tagging. CSR’s Israel’s 15-person team will move to Qualcomm’s Haifa offices.

CSR announced last week it had sold the unit but didn’t disclose the buyer. On Tuesday, a spokesman for Qualcomm confirmed it was the buyer.

“We are glad to have competed the acquisition of the assets from CSR, including CSR’s imaging team … Joining our team, we are creating collaboration between experts in the field that together develop intellectual property in imaging of major importance to the end-user,” Qualcomm said.

Last December CSR Israel laid off scores of staff, saying it was exiting the camera-in-a-chip business to focus on automotive applications wearable technology. The cutbacks left only 200 employees in Israel. The sale was the final step in divesting its camera and imaging business, whose research and development operations were based in Israel.

CSR bought the Israeli operations from Zoran in 2011 for $484 million but has since pared back operations.

“The telephone is quickly becoming the consumer’s main camera so that the camera function is increasingly becoming one of the main factors differentiating cellphones,” Qualcom said. “Camera functions are right now one of the main considerations of consumers when they buy a phone. This acquisition will enable us to continue successfully developing cameras so that smartphones will provide the same quality as a digital camera.”


 
More IMAGING news

Jul 23rd
Jul 19th
Jul 17th
Jul 16th
Jul 3rd
 
©2007 Yole Developpement All rights reserved                  Disclaimer | Legal notice | To advertise
Yole Développement: Le Quartz, 75 cours Emile Zola, 69100 Villeurbanne, France. TEL: (33) 472 83 01 80 FAX: (33) 472 83 01 83 E-Mail: info @yole.fr