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.
Synaptics Incorporated develops semiconductor solutions for intelligent connected devices across IoT, PC, mobile and edge-AI markets. Company news commonly covers financial results, Core IoT product sales, design wins, and investor-conference activity, alongside updates to embedded compute, wireless connectivity and multimodal sensing products.
Recurring product developments include the Synaptics Astra AI-native embedded compute portfolio, Veros wireless connectivity, touch, display, biometrics, video, vision, audio, speech and security processing. Recent announcements also describe Edge AI boards, AI-native microcontrollers, Wi-Fi 7 connectivity, Bluetooth, Thread/Zigbee and on-device inference for smart home, industrial IoT, robotics, wearables and audio applications.
Synaptics (Nasdaq: SYNA) has announced that its Emza Visual Sense AI technology is deployed in Dell and Panasonic mobile PCs for enhanced Human Presence Detection (HPD). This technology uses ultra-low power ML algorithms to improve battery life and security, automatically managing system settings based on user presence. The laptops are available today. This partnership signifies a move toward context-aware computing in the tech industry, promising a user-friendly experience while safeguarding privacy.
Synaptics has unveiled the SYN4778, a cutting-edge Global Navigation Satellite Systems (GNSS) integrated circuit (IC) designed for IoT applications. This chip boasts 80% lower power consumption and is 30% smaller than its competitors, while achieving a 50% improvement in accuracy. The SYN4778 enhances battery life and performance of location-based services across various devices, including wearables and drones. Currently in sampling phase with select customers, it promises faster time to first fix and significant power savings for developers.
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Synaptics has launched the SmartBridge SB7900 local dimming IC, enhancing automotive LCDs with larger displays, higher contrast, and lower power consumption. This AEC-Q100 Grade 2-qualified IC integrates seamlessly with Synaptics' TDDI ICs, optimizing performance for displays up to 30 inches and resolutions up to 6K, providing greater image quality and flexibility. Key features include full-array local dimming capable of contrast ratios up to 10000:1 and programmability for enhanced image visibility. The SB7900 is currently being sampled to select customers.
Synaptics has launched KatanaConnect™, the first ultra-miniature System on Module (SoM) combining low-power Edge AI capabilities with Wi-Fi/Bluetooth connectivity. Developed with Ampak, this ready-to-use solution supports AI features in IoT devices, targeting home automation, security, and industrial applications. Measuring 33 x 32 mm, it integrates the Katana SoC with a Wi-Fi/Bluetooth combo IC, and will be available in Q1 2023. The module simplifies product development for OEMs by enabling easy integration of AI sensing technology.
Synaptics Incorporated (SYNA) reported Q1 2023 revenue of $448.1 million, a 20% increase year-over-year. The GAAP diluted EPS stood at $1.59, with a non-GAAP EPS of $3.52. Notable achievements include record GAAP gross margin of 57.1% and non-GAAP gross margin of 62.6%. Looking ahead, Synaptics expects revenue to decrease to $350M to $380M due to cautious customer demand amid macroeconomic challenges.
Synaptics (SYNA) announced its acquisition of Emza Visual Sense Ltd., a leader in ultra-low-power AI visual sensing solutions. This strategic move enhances Synaptics’ position in the Edge AI market and enables the company to immediately address human presence detection applications in the PC sector. The integration of Emza’s machine learning algorithms and Synaptics’ Katana AI SoC platform aims to improve user security and privacy. The team from Emza will join Synaptics in Israel, with the technology already available for deployment.
Synaptics (SYNA) will release its financial results for Q1 FY2023 on November 3, 2022, after market close. The company will host a conference call at 2:00 PM PT (5:00 PM ET) to discuss the results and forward-looking information, encouraging pre-registration for participation. A live and archived webcast will also be available on their Investor Relations webpage. Synaptics focuses on enhancing user engagement with connected devices through advanced technologies in touch, display, biometrics, and AI.
Synaptics (SYNA) has been added to the PHLX Semiconductor Sector Index, effective September 19, 2022. This inclusion acknowledges the company's strong fundamentals and future potential within the semiconductor industry. Michael Hurlston, CEO of Synaptics, highlighted their transformation into a leading IoT semiconductor provider over the past three years. The PHLX Index measures the performance of the 30 largest US-listed semiconductor companies, indicating a significant milestone for Synaptics and its employees in the competitive semiconductor market.
Synaptics (SYNA) has announced the launch of WNC's Smart Display platform, which uses the VS600 series processor and SyNAP™ framework. This innovative platform delivers advanced functionality including biometrics via face and voice identification, interactive gaming, augmented reality, and AI-assisted wellness. The launch aims to enhance user interaction across various devices such as monitors and kitchen appliances.
Synaptics' technology is designed to transform display devices into interactive platforms, catering to multiple market segments.