Synaptics

#3056

Rank

$3.58B

MarketCap US

US United States

Country

Summary
Synaptics Incorporated develops, markets, and sells semiconductor product solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions. It also provides Natural ID, a fingerprint ID product that is used in automobiles, notebook personal computers (PCs), PC peripherals, and other applications; TouchPad, a touch-sensitive pad that senses the position and movement of one or more fingers on its surface; SecurePad that integrates fingerprint sensor directly into the TouchPad area; ClickPad that offers a clickable mechanical design; and ForcePad. In addition, the company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on smartphones and tablets; and TouchView products, a touch controller and display driver integration product. Further, it provides TouchPad with a pointing stick in a single notebook computer enabling users to select their interface of choice; TouchStyk, a self-contained pointing stick module; ultra-low power edge artificial intelligence platform for battery powered wireless devices; wireless connectivity solutions comprising Wi-Fi, Bluetooth, global positioning system, global navigation satellite system, and ULE; and voice over IP and digital enhanced cordless telecommunications solutions. The company sells its products through direct sales, outside sales representatives, distributors, and resellers to mobile and PC OEMs; IoT OEMs; and automotive and consumer electronics manufacturers. The company was incorporated in 1986 and is headquartered in San Jose, California.

History

1986–1998

Federico Faggin and Carver Mead founded Synaptics in 1986. They used their research on neural networks and transistors on chips to build pattern recognition products. In 1991, Synaptics patented a refined "winner take all" circuit for teaching neural networks how to recognize patterns and images. The circuit uses basic physics principles in order to select the strongest signal from the different processors.In 1992, the company used the pattern recognition techniques it developed to build the world's first touchpad for laptop computers that allowed users to control the cursor and click with no additional mechanical buttons. The pad was a replacement for trackballs and mice used at the time. By 1994, Twinhead and Epson America had adopted Synaptics' touchpad for their computers , followed by Apple in 1995 and later by other computer manufacturers, including Compaq and Dell.

1999–2010

In 1999, Francis Lee took over as CEO. The company had an initial public offering in 2002. As adoption of the touchpad grew, Synaptics sought to integrate the technology with other products. In 2004, Apple debuted the iPod Mini and fourth-generation iPod, both featuring a scrolling click wheel that used Synaptics' capacitive touch technology. Synaptics also provided a similar but vertical click wheel for the Creative Zen Touch portable media player.In 2005, Synaptics sensors were featured in the Samsung B310, the first mobile phone to use capacitive-touch technology. In October 2006, Synaptics provided a live demonstration of the Onyx, a concept smartphone with a color touchscreen enabled by its ClearPad touch controller technology. The Onyx's touch sensor could tell the difference between a finger and a cheek, preventing accidental inputs during calls. The company's touch technology was used in LG's Prada phone in 2007, which was the world's first mobile phone with a capacitive touchscreen.In 2009, Synaptics announced the development of the Fuse concept smartphone. It had touch sensitivity on the back of the phone, the ability to interact with the phone by squeezing, animated icons, a user interface sensitive to the phone's orientation and tilt, and haptic gestures.

2011–present

In 2011, the company appointed Rick Bergman to succeed Francis Lee as CEO.In 2012, Synaptics introduced the first pressure recognizing touchscreen, which allowed multi-finger and variable-force input. In late 2013, Synaptics acquired Validity Sensors, a fingerprint sensor vendor, adding fingerprint sensing technology to the company.Synaptics acquired Renesas SP Drivers Inc., a Japanese company specializing in chips that manage LCD displays, in 2014. The acquisition enabled Synaptics to combine touch and display driver technologies into a single "TDDI" chip.In 2015, the company expanded into additional markets, including automotive, wearables and PC peripherals. In July 2015, Synaptics announced a unique “match-in-sensor” fingerprint authenticator for laptops and other devices that authenticates the fingerprint within the chip.The company introduced its first optical-based fingerprint sensor in December 2016, which would allow the sensor to be placed under smartphones' glass displays rather than under a separate button. After improving the technology, the company sent it into full production a year later. In January 2018, the Chinese company Vivo announced a smartphone featuring Synaptics' optical fingerprint sensor. This was the world’s first full-production smartphone with fingerprint authentication directly in the OLED display.In July 2017, Synaptics acquired Conexant Systems, an Amazon Alexa partner that creates voice and audio software and silicon products for smart homes. At the same time, Synaptics acquired Marvell Technology Group's Multimedia Solutions unit, which creates video and audio processing technology. The two acquisitions were intended to aid Synaptics' expansion into the Internet of things market.In August 2019, the board of directors appointed Michael Hurlston as the new CEO. Under Hurlston's leadership the company focused on growing its IoT business, expanding from its focus on sensors on glass towards development of low-power sensors to IoT devices.In July 2020, Synaptics acquired DisplayLink, the developer of software and semiconductors that connect visual devices to computers.The company expanded its IoT portfolio through the acquisitions of Broadcom's wireless IoT business assets and manufacturing rights in July 2020 and DSP Group in December 2021. From the Broadcom acquisition, Synaptics acquired Broadcom's existing wireless IoT assets, as well as the development team and two products on the roadmap. The company completed the acquisition of DSP Group, a provider of chipsets for VoIP, multimedia, and digital cordless applications, in December 2021.


Mission
Advancing the human interface. Refining the relationship between people and intelligent devices

Vision
We envision a future where people can experience intuitive, natural connections with smart technology, securely managing their digital lives with simplicity and ease.

Key Team

Mr. Saleel Awsare (Sr. VP and GM of PC & Peripherals Division)

Mr. Craig Browning Stein (Sr. VP and GM of Mobile & IoT Division)

Mr. Divyesh Shah (Sr. VP of Operations)

Munjal Shah (Investor Relations Officer)

Mr. Kermit Nolan (Corp. VP & Chief Accounting Officer)

Mr. Todd Lepinski (Sr. VP of Worldwide Sales)

Mr. Michael Brooker (Sr. VP & Chief Information Officer)


Recognition and Awards
Synaptics has won various awards, including the Technology Pioneer Award at Davos in 2017, the Forum Innovation Award at MWC 2016, and the Entrepreneur Top Company of the Year Award in 2015.

References
Synaptics
Leadership team

Mr. Michael E. Hurlston (Pres, CEO & Director)

Mr. Dean Warren Butler (Sr. VP & CFO)

Mr. John McFarland (Sr. VP, Gen. Counsel & Sec.)

Products/ Services
Hardware, Human Computer Interaction, Software
Number of Employees
1,000 - 20,000
Headquarters
San Jose, California, United States
Established
1986
Company Registration
SEC CIK number: 0000817720
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SYNA
Social Media
Sat Feb 24 2024
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