Samsung has acquired a handset technology business from Cambridge based CSR for £200 million as well as a further £22 million investment in the firm.

The news of the acquisition have seen CSR’s shares rise by 40 percent. The handset technology business had been described by analysts as being detrimental to the parent business having been affected by various issues.

Samsung persuaded the deal in order to increase its technology portfolio as it looks to improve its Galaxy range of smart devices.