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BRITISH CHIP MAKER CSR BUYS ZORAN CORP

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Saturday, March 26th, 2011

CSR, a provider of chips for wireless technologies, is acquiring a 65 percent share in Zoran Corporation, an Israeli maker of technology for digital photography and video, for about $679 million in stock.

CSR, a 12-year-old company based in Cambridge, England, is a supplier of wireless connectivity and location chips. It sells Bluetooth, GPS, FM, Wi-Fi and audio devices, and employs about 1,500 people.

Zoran, which was established in 1983, provides imaging and video chips for digital camera, home entertainment and multifunction printer products and employs about 1,550 people. Zoran’s clients include Hewlett-Packard, LG Electronics, Samsung Electronics, Sony, SANYO, Olympus, Toshiba and many more.