Qualcomm Targets Internet of Things With CSR Deal
Qualcomm (QCOM) late Tuesday agreed to buy U.K.-based chipmaker CSR for $2.5 billion in a deal that gives Qualcomm advanced Bluetooth short-range wireless technology. Qualcomm beat out Microchip Technology (MCHP), which had earlier offered to buy CSR. “We think the size of the deal and the nature of the acquirer is a major signpost that the Internet of Things (IOT) is a significant long-term play for semiconductor companies,” Robert Lamb, a