Qualcomm Buys CSR For $2.4 Billion

San Diego-based Qualcomm said this morning that it has completed a $2.4 billion acquisition of CSR plc, a developer of Internet-of-Things an automotive semiconductors. CSR plc. is the parent company for Cambridge Silicon Radio. Qualcomm said it will rename Cambridge Silicon Radio Limited as Qualcomm Technologies International, Ltd. Qualcomm said the buy will help foster growth at the company, particularly in the areas of connectivity, audio technologies and systems-on-chips for the Internet-of-Things and automotive sector.