CSR, the Cambridge-based microchip maker (they got all Zoran developers and assets), has announced a retreat from the digital camera market as sales decline and amateur photographers increasingly rely on smartphones.

The company said it would take a $90m (£54.6m) one-off impairment charge, mostly attributable to goodwill, to shut down its camera-on-a-chip business.

Joep van Beurden, chief executive of CSR, said: "We continue to take a disciplined approach to capital allocation and cost control and have decided to withdraw investment from the COACH [camera-on-a-chip] platform due to weakness in the digital still camera market."

He said the company would redeploy some camera-on-a-chip engineers in higher-growth divisions. Some 200 jobs will be lost in the second quarter of 2014, however.

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/electronics/10507743/Chipmaker-CSR-retreats-from-camera-market-as-smartphones-take-over.html