Hints and tips:
...In 2014, CSR, the world’s dominant Bluetooth supplier, was bought by US chipmaker Qualcomm for £1.56bn....
...The UK boasts a number of prominent companies in the field, including Arm, which chipmaker Nvidia acquired last year, CSR and Wolfson Micro....
...In 2015, Beijing supported the merger of CNR Group and CSR Group to create CRRC: it has nearly 180,000 employees, $33bn in revenue in 2017 and 12 per cent of the global railway market for trains, services...
...The disastrous Autonomy sale in 2011 was followed by deals for Cambridge neighbours Domino and CSR in 2015, and last year’s £24bn purchase of chip designer Arm Holdings....
...The £550m deal marks the last of Britain’s “big four” hardware companies — Arm Holdings, Imagination, CSR and Wolfson Microelectronics — to be sold off to a foreign buyer....
...CRRC was created in June 2015 through a merger of two state-owned peers, CSR and CNR, with the goal of creating a synergy of “one plus one equals more than two”....
...CSR, the Bluetooth pioneer, was sold to Qualcomm for $2.4bn in 2015. Wolfson Microelectronics, the Scottish audio chip company, was snapped up by Cirrus Logic for £278m in 2014....
...sale of Imagination would likely represent another former UK technology stalwart being sold to a foreign buyer, after SoftBank’s takeover of Arm Holdings and the acquisitions of Wolfson Microelectronics, CSR...
...The company, which bought Sucrogen, the sugar business of Sydney-based CSR, for A$1.5bn in 2010, has accused sugar growers and QSL of collaborating and using “political pressure and rhetoric” against it....
...That bid was won by CNR, a domestic rival of CSR....
...Arm’s sale follows similar takeovers of Cambridge neighbours Domino, CSR and Autonomy....
...This year, China’s two major railway equipment manufacturers, Hong Kong and mainland-listed CSR Corp and China CNR, merged to become CRRC. The impact of these steps has so far been limited....
...It helps that CNR and CSR decided to hitch their wagons together during an unprecedented bull run for China’s equity markets....
...This year has already seen a rash of deals in the chip sector, including investments by Chinese-backed companies and bids for Broadcom, PMC-Sierra, CSR, Atmel and Altera....
...China CNR and CSR Corp had previously competed against each other for overseas business, often as the two lowest bidders....
...Buying SMD should allow CSR, which has 90,000 employees, to overcome these challenges. Ding Rongjun, president of CSR Times Electric, said: “We intend to build up a cluster of deep ocean industry....
...Both CNR and CSR responded with detailed statements saying that the trading activity had occurred before the executives learnt of the merger plan, which was apparently ordered by China’s State Council, and...
...The lone outlier, CRRC, is up 244 per cent — but it only began trading as a single entity on June 8, having been formed by the merger of China’s two top trainmakers CNR and CSR....
...The Hong Kong-listed shares of China CNR and CSR Corp, state-owned rolling stock makers whose merger was approved last month, have each risen by one half this year....
...CRCC and CSR have said they will rebid for the contract....
...And in December: the announcement of the long-awaited merger of CSR Corp and China CNR, the world’s largest manufacturers of rolling stock by sales and frequent rivals for overseas contracts....
...“CNR and CSR are not happy about it.” Additional reporting by Wan Li...
...Netherlands-based NXP agreed to acquire Freescale for about $11.8bn in March, Qualcomm bought UK-chipmaker CSR in a £1.56bn deal last year, while German chipmaker Infineon Technologies acquired the US...
...Netherlands-based NXP agreed to acquire Freescale for about $11.8bn in March, Qualcomm bought UK-chipmaker CSR in a £1.6bn deal last year, while German chipmaker Infineon Technologies acquired the US group...
...The contract calls for an initial delivery of 95 trains – less than half of CSR’s current annual manufacturing output....
International Edition