CSR completes SiRF merger; global HQ to be in Cambridge; US ops to run out of San Jose

CSR plc and SiRF Technology Holdings Inc, have completed the merger between SiRF and a wholly owned subsidiary of CSR, creating a pure play provider of connectivity and location platforms, and a company with the scale, technology and strategy to enable its customers to address emerging opportunities in mobile markets.

CSR said the merger delivers an enlarged development team, a strong IP portfolio, and a broad base of market leading customers, who will be able to deliver new user experiences of connectivity and location technologies in a diverse range of devices such as mobile phones, personal navigation devices, in-car navigation and telematics systems, laptop and netbook PCs, mobile internet devices, digital cameras, gaming machines, cellular accessories, and consumer electronic devices.

CSR CEO Joep van Beurden said: "We have created a new force in the industry and a world class organization with the commercial, technical and operational scale to build on CSR and SiRF's existing customer relationships and deliver the next generation of connectivity and location enabled products.

"Our strategic goal is to address the existing and emerging needs of our combined customer base for connectivity and location technologies. The potential applications and benefits to the end user of connectivity plus location are only just starting to open up, and these exciting new opportunities will be driven by our unique combination of leading location technologies and connectivity solutions."

Kanwar Chadha, co- founder of SiRF becomes a board member and Chief Marketing Officer of CSR.

For CSR's customers, the merger means CSR's Connectivity Centre products are augmented by GPS technologies that have been widely adopted. SiRF brings to CSR a strong IP portfolio in GPS and assisted GPS (A-GPS), dead reckoning and location centric platforms.

SiRF's customers benefit from enhancements to SiRF's Location Platforms, with CSR's Connectivity Centre capabilities.

The enlarged CSR group will have its global headquarters in Cambridge, with SiRF's headquarters in San Jose California becoming CSR's US headquarters. The combined CSR group enters the prestigious list of the world's top 10 fabless semiconductor companies, with a combined customer list including six of the top seven handset manufacturers, the top five personal navigation device makers, the top two automotive telematics suppliers, and other leading auto and consumer electronics providers.

CSR's share price has been steadily increasing this year to be currently priced at 357.00p. The group is now valued at about £650m.

 



Previous articles
Cambridge Consultants’ innovative inhaler offers alternative for pandemic vaccination
Celsis records strong sales growth in 1H; In Vitro acquisition bedding in
Briefs: Market warms to ANT’s Daewoo deal; EEDA’s new chief gets low down on Cambridge
Briefs: CSR partners with Taiyo Yuden; Camrivox’s CTI for Skype beta available
NXT gears up its Hong Kong Operations as growth pauses
BioProgress lives up to its name as it goes forward in 2006
Xaar 1Q09 trading resilient; balance sheet strong
Briefs: LBO showing off miniature projectors; ANT trading well
ARM 1Q revenues grow, pre-tax profits slip; reports ‘encouraging’ start to ‘08
Silicon Fen shorts: Cybit wins £1m contract, new CEO at Cambridge Biostability
Subscribe

 

Managed Hosting by NTT Managed Hosting
SEO London by IdeaTaxi.com
Corporate profiles

 • Pelikon


Mike Powell
Managing Director


Pelikon Ltd was founded in September 2000 backed with an initial financing of £3m led by Advent Venture Partners. In 2001 the advanced displays team from Cambridge Consultants Ltd. joined Pelikon and worked on a new type of flexible display. The team developed a process and display construction that

[Pelikon's profile]


Top20 Index




Currently: 130.81

Mortgage Online
The internet can help you to search and compare, so that you can choose the best mortgage online.

Marcus Evans
See how Marcus Evans has helped their clients' businesses develop and grow!

Marcus Evans
Marcus Evans provide top conferences to help your business succeed.

Charge Chrome
International Ferro Metals produces 90% of the world`s charge chrome, a key ingredient in the production of Stainless Steel.