Wireless technology and computer chip company CSR has acquired the MAP-X audio product line from US semiconductor solutions firm Trident Microsystems.
CSR is paying $1m for the assets and will also take on certain liabilities relating to the MAP-X business.
As part of the acquisition, the company has acquired certain intellectual property-related assets such as patent and technology licences, and trademark rights related to the MAP-X business and a number of employees that support the MAP-X business from Trident's subsidiaries in Taiwan and Germany.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The MAP-X processor delivers high definition audio decoding and Internet audio streaming for next-generation home audio, audio-video receivers and soundbars.
CSR said the acquisition complements and strengthens its current capabilities in its Voice & Music business line.
JH
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
