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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 has announced its Selene family of ultra-slim fingerprint sensors will be integrated into Lenovo's ThinkPad X1 Carbon Gen 9 notebook. This biometric solution allows users to power on and authenticate their devices with a simple touch, enhancing security. The Match-in-Sensor™ technology isolates fingerprint data for improved protection against device threats. The collaboration aims to provide a sleek design while addressing security needs in remote work environments. The Selene sensor is also compliant with Microsoft Secure Bio and FIDO standards.
Synaptics (SYNA) has announced a private offering of $400 million in senior unsecured notes, maturing in 2029, with a fixed interest rate of 4% per year. The proceeds, estimated at $393.9 million after costs, will be used primarily to repay $100 million in revolving credit and to address part of its existing convertible senior notes due in 2022. The offering will settle on March 11, 2021, under SEC regulations.
Synaptics (Nasdaq: SYNA) announced plans to offer $400 million in senior unsecured notes due in 2029. This private offering is aimed at qualified institutional buyers and non-U.S. persons. Proceeds will be used to repay $100 million in existing borrowings and for general corporate purposes, including repaying convertible senior notes and potential share repurchases. The offering's timing and terms depend on market conditions. The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption.
Synaptics (Nasdaq: SYNA) announced its participation in two upcoming investor conferences. Michael Hurlston, President and CEO, will present at the Morgan Stanley Technology, Media, and Telecom Conference on March 3, 2021, at 10:15 AM EST. Interested parties can access the live webcast through Synaptics’ investor website. Additionally, Jason Tsai, Head of Investor Relations, will attend Susquehanna’s Tenth Annual Technology Conference on March 9 and 10, 2021. Synaptics focuses on enhancing user experiences across various connected devices.
Synaptics (SYNA) announced its entry into the Chromebook market with the launch of the S9861 TouchPad modules, now approved by Google. This venture targets the booming demand for Chromebooks, with shipments soaring 287% in Q4 2020, totaling nearly 31 million units for the year. Key growth drivers include remote education and work-from-home trends. The new TouchPad aims to enhance productivity and security in next-gen Chromebooks, positioning Synaptics to capitalize on rising consumer interest.
Synaptics Incorporated (SYNA) reported robust Q2 2021 results with revenues of $357.6 million, surpassing expectations. The company achieved a GAAP gross margin of 42.1% and a record non-GAAP gross margin of 52.1%. GAAP diluted EPS reached $1.36, while non-GAAP diluted EPS hit $2.30. The IoT segment emerged as the largest revenue contributor, with both IoT and PC businesses posting record earnings. Looking ahead, Synaptics expects Q3 revenue between $310M and $340M and continued strength in gross margins despite supply chain limitations.
Synaptics has announced the customer sampling of its VideoSmart™ VS640, a next-gen edge computing SoC designed for set-top boxes, streaming devices, and smart displays. Built on a proven architecture and leveraging AI, the VS640 promises enhanced user experience with its integrated features, including CPU, GPU, and audio DSP. It supports next-gen video formats, and offers robust security with SyKURE and SyNAP technologies. This product aims to expand Synaptics’ application range and improve market competitiveness.
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Synaptics (NASDAQ: SYNA) will announce its financial results for Q2 fiscal 2021 on February 4, 2021, after market close. A conference call for analysts and investors will take place at 2:00 p.m. PT (5:00 p.m. ET) to discuss potential forward-looking information. Participants can join by calling 1-833-614-1539 with conference ID 8899476. An archived webcast will be available on the Investor Relations section of Synaptics' website. The telephonic replay will be accessible until February 11, 2021.
Synaptics has launched the Katana Edge AI platform in partnership with Eta Compute to target the demand for battery-powered devices in the IoT market. This platform integrates low-power SoC architecture with efficient AI software, optimizing for various applications like object recognition and environmental sensing. The Katana features a multi-core processor and is designed for low latency. Co-optimized with TENSAI Flow software, the platform aims to accelerate deployment through application-focused kits, enhancing innovation in a multi-billion dollar market.