Samsung takes on 300 staff in Cambridge
300 Cambridge based staff are joining the South Korean electronics giant Samsung after a 310 million dollar deal for the mobile phone handset arm of the chip designer CSR.
It will give Samsung the rights to technology that allows smartphones and tablets to wirelessly connect to the internet.
CSR was founded in 1999 by nine colleagues from Cambridge Consultants and helped pioneer wireless technologies such as Bluetooth and GPS.
The Cambridge-based firm, which employs more than 2,500 staff across the globe, has recently announced plans to focus on higher growth technology markets.
More top news
In pictures: The Queen's day in Cambridge
Cambridge has been getting the royal treatment as the Queen and Duke of Edinburgh opened a maternity unit and rode the bus
Unlikely political alliance to run Norfolk council
Norfolk County Council could be run by an unlikely alliance of councillors from Labour, UKIP and the Liberal Democrats.
Queen tours 'Nobel Prize factory'
The Queen has officially opened a new £212 million building at the Medical Research Council Laboratory of Molecular Biology in Cambridge.