Samsung Electronics and CSR Announce Strategic Partnership

(Auszug aus der Pressemitteilung)

SEOUL, Korea and Cambridge, UK – July 17, 2012 – Samsung Electronics

Co., Ltd., a world leader in advanced semiconductor solutions, and
CSR plc, a global leader in wireless connectivity and location
technologies, today announced a strategic collaborative relationship
by aligning their respective business visions, investments and key
technologies.

Under the terms of the agreement, Samsung will gain full access to
CSR’s mobile connectivity and location technology and transfer
certain relevant patents, as well as employ over 300 CSR employees in
the selected field for the cash consideration of US$310 million. In
addition, Samsung will receive perpetual rights to CSR’s intellectual
property related to connectivity and location technology such as
Bluetooth®, Wi-Fi® and GPS reinforcing Samsung’s leadership in mobile
component solutions.

The deal will enable both companies to better align their current
development efforts and future product roadmaps, while accelerating
their time-to-market for rapidly evolving demands within the market.

As part of the relationship, Samsung will make an investment of
approximately US$34 million in CSR’s ordinary shares upon closing.

“This strategic partnership combines Samsung’s world-class
semiconductor technology with CSR’s cutting edge wireless
connectivity and location expertise. By leveraging CSR’s R&D
capability, Samsung will strengthen its application processor
platform and solidify its position as a leading semiconductor
solutions provider,” said Stephen Woo, president of System LSI
Business, Device Solutions, Samsung Electronics. “Samsung’s Exynos
processor optimised with these wireless connectivity capabilities
will provide our customers with an even broader mobile solution
portfolio to expand their business opportunities.”

“This transaction will accelerate our transformation into a more
competitive platform company operating in attractive growth markets
where we have a leading market position.,” said Joep van Beurden, CEO
of CSR “This cooperation appreciates the global value and
competitiveness of CSR achieved through the talent, expertise and
dedication of our people. “I believe that under Samsung’s System LSI
operations the mobile connectivity and location technology will be in
a position to prosper in an increasingly competitive global mobile
device market.”

Upon the completion of the transaction, Samsung plans to organise the
resources and assets from CSR as a multi-site R&D centre for
connectivity and location products development.

The transaction is expected to be completed by the fourth quarter of
this year.