Qualcomm Acquires CSR Camera Chip Business (former Zoran)

Haaretz: Qualcomm is buying the Israeli operations of CSR (former Zoran) for about $44M. On June 24, CSR announced it had sold the unit but didn’t disclose the buyer. Now, a spokesman for Qualcomm confirmed it was the buyer.

"Telephone is quickly becoming the consumer’s main camera so that the camera function is increasingly becoming one of the main factors differentiating cellphones," Qualcomm said. "Camera functions are right now one of the main considerations of consumers when they buy a phone. This acquisition will enable us to continue successfully developing cameras so that smartphones will provide the same quality as a digital camera."

Update: EETimes publishes few more details on the deal.