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Synaptics ( (SYNA) ) just unveiled an announcement.
On January 28, 2025, Synaptics Incorporated announced a strategic licensing agreement with Broadcom, aimed at accelerating its Edge AI strategy by integrating Broadcom’s Wi-Fi 8, ultra-wideband, Wi-Fi 7, advanced Bluetooth, and next-generation GPS/GNSS technology into the IoT and Android ecosystems. This move is expected to solidify Synaptics’ leadership in AI IoT connectivity, expand its addressable market, enhance its product roadmap, and provide financial benefits by potentially adding over $40 million in annual sales. The agreement, including the acquisition of certain assets from Broadcom, will also temporarily restrict third-party manufacturing of newly licensed products, fostering Synaptics’ competitive edge in the wireless technology sector.
More about Synaptics
Synaptics Incorporated is a leader in AI at the Edge, driving innovation across various intelligent connected devices and technologies, including AI-native embedded computing, wireless connectivity, and multimodal sensing solutions. The company is known for its contribution to enhancing digital experiences through technologies in touch, display, biometrics, wireless connectivity, video, vision, and audio processing.
YTD Price Performance: -1.13%
Average Trading Volume: 541,916
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.34B
For detailed information about SYNA stock, go to TipRanks’ Stock Analysis page.
