Welcome to our dedicated page for Synaptics news (Ticker: SYNA), a resource for investors and traders seeking the latest updates and insights on Synaptics stock.
Overview
Synaptics Inc (Nasdaq: SYNA) is a globally recognized innovator in semiconductor solutions that redefines how humans interact with technology. At its core, the company specializes in advanced human interface products that cover touch, display, biometrics, and connectivity systems. With a rich heritage in research and development and an extensive portfolio of intellectual property, Synaptics plays a critical role in driving the evolution of consumer and industrial electronics by merging cutting-edge technology with intuitive user experiences.
Business Model and Core Competencies
Synaptics generates revenue primarily by developing, marketing, and selling semiconductor products that are embedded in various electronic devices. The company’s product offerings span a wide range of applications including mobile devices, personal computers, and Internet of Things (IoT) platforms. Through robust licensing agreements, deep vertical integration, and dependable supply chain capabilities, Synaptics ensures that it remains at the forefront of innovation in the competitive semiconductor and human interface markets. The company’s focus on touch technology and advanced connectivity enables manufacturers to incorporate reliable and intuitive interfaces into their products, thereby enhancing usability and functionality.
Key Innovations and Product Capabilities
Synaptics is renowned for its pioneering contributions to the human interface revolution. Its portfolio includes solutions that integrate touch, display, and biometric systems, which are seamlessly combined with advanced connectivity and AI-enhanced processing capabilities. These innovations enable dynamic interactions across smart devices, offering biometric security features, multi-touch interfaces, and responsive display technologies. The company’s integration of AI and edge computing into its product lineup has further strengthened its expertise in creating devices that are both highly functional and energy efficient. This technological edge not only supports current consumer demands but also lays a robust foundation for diversified applications in industries such as automotive, healthcare, and industrial automation.
Industry Position and Market Impact
Within the semiconductor and human interface landscapes, Synaptics stands out for its ability to merge ease of use with advanced technological features. Its solutions are embedded in a wide array of devices used by consumers and enterprises across the globe. Synaptics has strategically built its market position as a trusted partner to many of the world’s most innovative system providers, facilitating the integration of intuitive, secure, and multifunctional interfaces into everyday technology. This high level of integration ensures that digital experiences, whether at home, in the office, or on the go, are more productive, engaging, and secure.
Research, Development, and Technological Expertise
The company’s relentless pursuit of technological advancement is underpinned by significant investments in research and development. Synaptics has developed a deep reservoir of expertise that spans silicon design, multi-modal sensor integration, and AI-powered processing. Its R&D focus is geared toward not only refining existing technologies but also exploring new frontiers in human-device interaction. The company’s strategies incorporate state-of-the-art semiconductor design techniques, ensuring that its products are capable of delivering high performance while maintaining low power consumption. This commitment to innovation is core to Synaptics’ long-standing role as an enabler of next-generation user experiences.
Strategic Partnerships and Ecosystem Integration
Synaptics leverages strategic alliances with various industry leaders to enhance its product offerings. By collaborating with key players in connectivity, AI, and peripheral design, the company amplifies its capability to support comprehensive end-to-end solutions. These partnerships help to foster an ecosystem where advanced touch, display, and biometric technologies can coexist with modern connectivity platforms, thereby offering a holistic approach to device interaction and user interface development.
Competitive Advantages and Value Proposition
One of the primary advantages of Synaptics is its ability to combine deep technical expertise with a forward-thinking approach to product design and innovation. The company's integrated solutions are known for their robustness, reliability, and ease of incorporation into complex systems. By providing products that deliver seamless user experiences along with advanced security and connectivity features, Synaptics has established itself as a critical component in the technology supply chain. Its products not only enhance the performance of devices but also contribute to more secure and responsive interactions in diverse environments.
Global Reach and Market Diversification
Synaptics maintains a strong global presence, with a significant share of its business deriving from key markets such as Asia and North America. The company’s diversified product portfolio and its ability to adapt to multiple application areas—from mobile and PC segments to automotive and industrial IoT—ensure that it addresses a broad spectrum of market needs. This geographical and sectoral diversification enhances its resilience and supports its role as an essential provider in the development of intelligent, connected systems.
Summary
In summary, Synaptics Inc is a cornerstone in the engineering of human interface solutions, delivering products that integrate touch, display, biometrics, and connectivity technologies to create exceptional user experiences. Its commitment to innovation, bolstered by deep R&D investment and strategic partnerships, positions the company as a respected and knowledgeable driver of technological progress. Synaptics continues to shape the digital landscape by developing versatile semiconductor products that cater to a wide range of devices and industries, making modern digital life more secure, intuitive, and engaging.
Synaptics (SYNA) announces its participation at CES 2025, where it will showcase its AI-Native processing and intelligent connectivity solutions. The company will demonstrate the Synaptics Astra IoT platform, a scalable embedded compute solution optimized for multimodal Edge AI workloads. The platform includes the Machina Foundation Series development kit and AI Developer Zone, designed to simplify AI integration into IoT Edge devices.
The company will also highlight its Veros Seamless Intelligent Connectivity portfolio, which includes Wi-Fi, Bluetooth, Zigbee, Thread, Matter, and GPS systems on chip (SoCs). The demonstrations will take place in the Venetian Hotel's Bellini Ballroom #2105, featuring innovations in audio, mobile, PC, touch, biometrics, video interface, and automotive technologies.
Synaptics has launched the SYN20708, a new dual-core system on chip (SoC) extending its Veros IoT connectivity family. This Matter-compliant SoC supports concurrent operation of Bluetooth Classic, Bluetooth Low Energy (BLE), Zigbee, and Thread protocols on both cores.
The chip features dual-antenna maximum ratio combining for enhanced range, supports Bluetooth 5.4 certification with compatibility for Bluetooth 6.0, and includes Channel Sounding. It's designed for applications requiring low latency, superior range, and low power consumption, targeting markets like home hubs, soundbars, automotive infotainment systems, and healthcare devices.
Synaptics (Nasdaq: SYNA) has announced its participation in two upcoming investor conferences. Ken Rizvi, SVP and Chief Financial Officer, will attend the UBS Global Technology and AI Conference on December 3, 2024, and the Wells Fargo 8th Annual TMT Summit on December 4, 2024. Both events represent significant opportunities for the company to engage with investors and showcase its developments in technology and AI sectors.
Synaptics announced pricing of $400.0 million convertible senior notes due 2031 with 0.75% interest rate, payable semi-annually. The initial conversion price is $99.69 per share, representing a 32.5% premium over the current stock price. The company plans to use $44.4 million for capped call transactions, $67.0 million to repurchase 890,483 shares, and the remainder plus $307.0 million cash on hand to repay its term loan facility. The notes will be redeemable after December 6, 2028, subject to certain conditions.
Synaptics announced plans to offer $400 million in convertible senior notes due 2031, with an additional $50 million option for initial purchasers. The notes will be senior, unsecured obligations with semi-annual interest payments. The company plans to use the proceeds to fund capped call transactions, repurchase up to $100 million of common stock, and repay its term loan facility. The notes will be convertible under certain conditions, with settlements in cash and potentially shares. Synaptics will have redemption rights after December 6, 2028, if stock price exceeds 130% of conversion price.
Synaptics (Nasdaq: SYNA) reported its Q1 fiscal 2025 results, ending September 28, 2024. Revenue was $257.7 million with a GAAP gross margin of 46.9% and a non-GAAP gross margin of 53.9%. The company posted a GAAP net loss of $23.1 million, or $0.58 per share, while non-GAAP net income was $32.5 million, or $0.81 per diluted share. Synaptics highlighted a 55% year-over-year growth in Core IoT products and continuous sequential growth in revenues. For Q2 fiscal 2025, the company projects revenues of $265M ± $15M, a GAAP gross margin of 45.0% ±1.5%, and a non-GAAP gross margin of 53.5% ± 1.0%. Expected GAAP loss per share is ($0.45) ± $0.20, with non-GAAP earnings per share of $0.85 ± $0.20. CFO Ken Rizvi stated the company continues to support growth initiatives and share repurchases despite forward visibility in some markets.
Synaptics (Nasdaq: SYNA) has expanded its presence in Hsinchu, Taiwan, making it the company's largest employee base globally. The expansion aims to capture opportunities in the $24B AI IoT market across consumer, automotive, enterprise, and industrial applications. The facilities will house teams developing AI-enabled Edge devices and serve as a hub for finance, sales, operations engineering, supplier management, wireless product development, and PC touch and fingerprint sensor solutions.
Synaptics Incorporated (Nasdaq: SYNA) has announced that it will release its financial results for the first quarter of fiscal 2025 on Thursday, November 7, 2024, after the market closes. The company will also host a conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET) on the same day. During this call, management may discuss the company's financial performance and outlook. This announcement provides shareholders and interested parties with advance notice of when to expect Synaptics' latest financial information and the opportunity to participate in the earnings call.
Synaptics has launched the Veros™ Seamless Intelligent Connectivity brand, introducing high-performance systems on chip (SoCs) for Wi-Fi® 6E, Bluetooth®, and 802.15.4. The new SoCs, SYN4383 and SYN43756E, target devices requiring high Wi-Fi throughput and range with seamless network interoperability. These chips extend Synaptics' wireless portfolio, known for superior performance, interoperability, and power efficiency.
The SYN4383 offers real simultaneous dual-band (RSDB) operation and greater system integration, while the SYN43756E adds a 6E Wi-Fi band and LE Audio to existing 2x2 Wi-Fi and Bluetooth combo SoCs. Veros integrates with Synaptics Astra™, an AI-native compute platform, to enhance Edge AI product development for various applications.
Synaptics Incorporated (Nasdaq: SYNA) has won the 2024 EDGE Award in the Machine Learning and Deep Learning category for its Synaptics Astra™ AI-native IoT compute platform. The annual awards, presented by Endeavor Media, recognize outstanding innovation in product design and function for the engineering industry.
The Astra platform simplifies Edge AI deployment by combining scalable hardware, unified software, open-source AI, a broad partner ecosystem, and best-in-class wireless connectivity. It is built on the SL-Series of AI systems on chip (SoCs) featuring Arm® Cortex® A-series CPUs and onboard NPU, DSP, and GPU engines. These processors deliver up to 8 TOPS performance for Edge inferencing and multi-modal processing.
The Astra Machina™ Foundation Series development kit supports the SL-Series, helping both beginners and experts quickly leverage the processors' AI capabilities, processing power, and wireless connectivity features. This recognition highlights Synaptics' leadership in enabling the rapid development and deployment of context-aware IoT Edge devices for consumer, enterprise, and industrial applications.
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