CSR moves away from handsets

Chipmaker CSR expects its strength in audio and automotive markets to insulate it from the faltering demand for other electronics goods that threatens some in the industry in the second half of the year. CSR’s second quarter results showed sales were down 12 per cent on a year ago as it lost ground in the phones market, but it hopes to turn that reduced exposure to a sector where some players are struggling to its advantage. The company reported underlying earnings of nine cents per share on revenue of $193.9m (£118.4m).