CSR guts Zoran DTV chip business in re-org

EETimes (12/12/2011 12:45 PM EST)

SAN FRANCISCO—Chip maker CSR plc said Monday (Dec. 12) it would discontinue investment in the digital TV and silicon tuner product lines it recently acquired when it bought Zoran Corp. and lay off about 800 employees by the end of the second quarter of 2012.

CSR (Cambridge, U.K.) said it expects to save about $60 million per year as a result of these and other changes. The company expects to take a charge of about $10 million for restructuring by the end of the second quarter of 2012.

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