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) announced that Hisense has selected its DBM10L with a dedicated NPU for the first AI-enabled always-on voice remote control, EFR3B86H, compatible with the 65A9H 4K OLED TV. The DBM10L offers high-performance edge-AI processing, enabling a seamless voice interaction experience in smart homes. This innovation addresses power consumption challenges, providing extended operation on just one pair of AAA batteries. The DBM10L's ultra-low-power voice engine enhances the user experience with advanced noise suppression and wake word detection, reinforcing Synaptics' commitment to next-gen technology.
Synaptics Inc. (SYNA) announced the availability of its Katana ultra-low-power Edge AI SoC platform evaluation kit within Edge Impulse’s Studio. This integration allows developers to create and optimize machine learning models tailored for low-power IoT applications, enhancing capabilities like object recognition and sound detection. The Katana platform features a multi-core architecture, combining advanced Wi-Fi and Bluetooth solutions with sensors for seamless application development. This collaboration is aimed at accelerating AI deployment across industrial and consumer sectors.
Synaptics (Nasdaq: SYNA) announced its participation in two upcoming investor conferences. CFO Dean Butler will attend the Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit on August 30, 2022. President and CEO Michael Hurlston will participate in Citi’s 2022 Global Technology Conference on September 8, 2022. Synaptics is recognized for transforming user interactions with devices by integrating advanced technologies in touch, display, and biometrics, enhancing the connectivity and AI experience.
Synaptics (Nasdaq: SYNA) announced its participation in two upcoming investor conferences. On August 23, 2022, Satish Ganesan, SVP & Chief Strategy Officer, will present at the Rosenblatt 2nd Annual Technology Summit focused on AI scaling. A replay will be available online. Dean Butler, CFO, will participate in the Needham Virtual Semiconductor and SemiCap Conference on August 24, 2022. Synaptics is known for enhancing user experiences across various connected devices through advanced technologies in touch, display, and biometrics.
Synaptics Incorporated (Nasdaq: SYNA) reported a strong Q4 FY2022, with revenues of $476.4 million, highlighting an 87% year-over-year increase in IoT revenue. The company achieved record GAAP gross margin of 55.9% and record non-GAAP diluted earnings per share of $3.87. For FY2022, net revenue was $1.74 billion, up 30% from the previous year. Despite economic uncertainty, Synaptics plans to invest in its growth, particularly in the IoT sector, while anticipating a decline in its Mobile and PC products for Q1 FY2023.
Synaptics (Nasdaq: SYNA) announced its participation in key investor conferences. CEO Michael Hurlston will present at the KeyBanc Capital Markets’ Technology Leadership Forum on August 9, 2022, at 9:00 AM PT. A webcast of the presentation can be accessed here. Additionally, CFO Dean Butler will participate virtually in the Oppenheimer 25th Annual Technology, Internet & Communications Conference on the same date.
Synaptics is committed to enhancing human interaction with connected devices, focusing on innovative technologies in touch and AI-enhanced solutions.
Synaptics Incorporated (SYNA) will release its fourth-quarter financial results for fiscal 2022 on August 4, 2022. A conference call for analysts and investors will follow at 2:00 p.m. PT. Participants can join using the provided call-in number and conference ID. The event will also be accessible via a live and archived webcast on the company's Investor Relations website. This financial disclosure will likely include insights into the company's performance and outlook as it navigates its market position.
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Synaptics (SYNA) co-founder Carver Mead has been awarded the prestigious 2022 Kyoto Prize in Advanced Technology. This accolade honors significant contributions to science and technology, alongside his fellow co-founder Federico Faggin, a previous laureate. Mead's work has greatly influenced VLSI design and computer-aided design technology, propelling advancements in the semiconductor industry. The Kyoto Prize is awarded by the Inamori Foundation, recognizing individuals who have improved humankind's scientific and cultural well-being. Synaptics continues to leverage these innovations for diverse applications, from IoT to automotive technologies.
Allegro DVT, a leader in video codec compliance test suites, announced that Synaptics (SYNA) has chosen its VVC test streams to ensure compliance with the new Versatile Video Coding (VVC) standard. This decision underscores Synaptics' commitment to maintaining product integrity in video applications following the VVC standard, which aims to enhance compression performance for various uses. Both companies emphasize the importance of robust testing to manage the complexities associated with new video codecs. This partnership is positioned to enhance user experiences across connected devices.