Synaptics News
3 articles
growth-negative
סינפטיקס מפטרת עשרות עובדים במרכז הפיתוח בהרצליה
Synaptics, a giant in the field of chip development and human-computer interface technologies, is carrying out a wave of layoffs at its development center in Herzliya, affecting dozens out of about 100 employees. This move is part of a series of global cutbacks in the company. The companys value has dropped to $3.46 billion, with a 21% drop in the stock price in the last 12 months. The latest financial reports show a significant drop in revenue, with almost a complete freeze in the last three quarters. In response to these events, Synaptics has declared its commitment to continue investing in the Israeli development center, focusing on HPD technologies and developing microcontroller capabilities.
LayoffsAcquisition
growth-positive
Synaptics acquires Israel's Emza and its AI visual sensing solutions from Taiwan's Himax for $10 million | CTech
Emza Visual Sense, a provider of ultra-low-power AI visual sensing solutions, has been acquired by Synaptics. The acquisition price was not disclosed but estimated to be around $10 million. The addition of Emza provides Synaptics with a proven solution for human presence detection applications, addressing system user security and privacy concerns. Emzas 20 employees will become part of Synaptics Israel. Emza provides hardware, software, algorithms, and IP to semiconductor companies and OEMs, enabling AI capability in edge devices. The market for these tiny edge AI devices is rapidly expanding across various segments. Synaptics plans to integrate and scale Emzas expertise and technology across its business to redefine the human presence detection experience.
Acquisition
growth-positive
Israel's DSPG to be acquired by Synaptics for $600 million
American electronics company Synaptics announced its intentions to acquire Israeli audio systems manufacturer DSPG for about $600 million. The acquisition price of $22 per share is 18% higher than its trading value on the previous Friday. DSPG shares spiked 17.1% in early trading. The acquisition was unanimously approved by the boards of directors of both companies. DSPG is a publicly traded company that manufactures voice recognition technology embedded in various chips used in smart home products and voice activation products. The acquisition is expected to add $30 million in revenue per year for Synaptics. The market value of Synaptics prior to the acquisition was $7 billion.
Acquisition
