CSR pays $1m for US asset
CSR, the Cambridge UK wireless company, is paying $1 million cash for Trident Microsystems Inc’s audio product line.
It is also assuming certain liabilities as part of the deal with the California headquartered, Nasdaq-quoted company.
CSR has further acquired certain IP-related assets such as patent and technology licences and trademark rights related to Trident’s MAP-X division plus a number of employees that support the business from Trident subsidiaries in Taiwan and Germany.
The MAP-X processor delivers HD audio decoding and internet audio streaming for next-generation home audio, audio-video receivers and soundbars.
CSR CEO, Joep van Beurden said the acquisition complemented and strengthened the company's current capabilities in its voice & music business line.
Trident Microsystems, which has offices in every major territory globally, is a leading force in the digital home entertainment market, delivering semiconductor solutions for digital televisions and set-top boxes – at the heart of today’s digital home and is a long time pioneer in consumer electronics.
Trident technology enables consumers to enjoy TV shows, HD, 2D and 3D movies, 3D games, photos, videos and extensive Internet content from multiple sources on their TVs and through their set-top boxes.