The S-Wallet has opened and absorbed $310 million-worth of connectivity and location patents from British chip company CSR, which already supplies SiRF GPS chips to Galaxy devices. In addition to boosting its patent portfolio, Samsung also invested $34 million to buy a five percent stake in the firm itself, giving it access to a large development team working on audio, automotive, indoor location and other functions. The deal won’t let Samsung use CSR’s camera technology, but it will — the Korean manufacturer says — “solidify its position as a leading semiconductor solutions provider.” Given how Sammy is already intent going it alone with its Exynos processors, we have no reason to doubt it.
Samsung swallows up CSR mobile and location patents for $310 million originally appeared on Engadget on Tue, 17 Jul 2012 06:23:00 EDT. Please see our terms for use of feeds.