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 (SYNA) unveiled the ThinkBook Wireless Dock at CES 2023, the world’s first truly wireless docking solution for dual UHD 4K@60Hz displays, utilizing Wi-Fi 6/6E. This innovative dock integrates a 45W charging mat for notebooks and a 10W universal mat for smartphones and IoT devices. The dock enhances productivity by enabling seamless connectivity without cables, with a focus on security through a timed disconnect feature.
Available in June 2023, this technology positions Synaptics as a leader in wireless docking solutions.
Targus announced its new DOCK710 and DOCK720 docking stations at CES 2023, designed for work-from-anywhere flexibility. Both docks support up to four 4K displays or one 8K and two 4K displays through a single USB-C connection. The DOCK720 features a built-in fingerprint sensor for enhanced security, utilizing Synaptics' SentryPoint technology. Retail prices are set at $372.99 for DOCK710 and $442.99 for DOCK720. Both products promise productivity improvements while ensuring a secure workspace.
Synaptics (Nasdaq: SYNA) announced its participation in the 25th Annual Needham Growth Conference on January 10, 2023, at 10:30 AM PT. Michael Hurlston, President and CEO, will present at this event. Investors can view the live webcast or access the replay by visiting the provided link.
Synaptics is recognized for transforming user interactions with connected devices through advanced touch, display, and biometric technologies. The company collaborates with innovators in various fields to enhance digital experiences.
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 (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 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.