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On Wed, 23 Oct, 8:06 AM UTC
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Synaptics Expands in Taiwan to Capture Rapid Growth in $24B AI IoT Market
HSINCHU, , (GLOBE NEWSWIRE) -- Incorporated (Nasdaq: SYNA) today announced it has expanded in Hsinchu, now making Taiwan Synaptics' largest employee base worldwide. The expansion underscores the increasingly critical role of in the semiconductor industry and gives headroom to grow both its essential operations and engineering expertise. Among other things, the facilities will house the team that develops AI-enabled Edge devices for the IoT to capture a significant piece of the rapidly growing market across consumer, automotive, enterprise, and industrial applications. "Our investment in reflects our confidence in the region as a vital and strategic location for growth," said , President and CEO of . "Taiwan plays an increasingly pivotal role in the electronics supply chain and has nurtured a strong talent pool to draw upon to ensure our customers and partners are successful." The Hsinchu and offices will be a hub for Synaptics' finance and sales central services, operations engineering and supplier management, wireless product development and support, as well as core PC touch and fingerprint sensor solutions. About (Nasdaq: SYNA) is leading the charge in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As the go-to partner for the world's most forward-thinking product innovators, powers the future with its cutting-edge Synaptics Astraâ„¢ AI-Native embedded compute, Verosâ„¢ wireless connectivity, and multimodal sensing solutions. We're making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, is the force behind the next generation of technology enhancing how we live, work, and play. Follow on LinkedIn, X, and Facebook, or visit www.synaptics.com.
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Synaptics Expands in Taiwan to Capture Rapid Growth in $24B AI IoT Market - Synaptics (NASDAQ:SYNA)
HSINCHU, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated SYNA today announced it has expanded in Hsinchu, now making Taiwan Synaptics' largest employee base worldwide. The expansion underscores the increasingly critical role of Taiwan in the semiconductor industry and gives Synaptics headroom to grow both its essential operations and engineering expertise. Among other things, the facilities will house the team that develops AI-enabled Edge devices for the IoT to capture a significant piece of the rapidly growing $24B market across consumer, automotive, enterprise, and industrial applications. "Our investment in Taiwan reflects our confidence in the region as a vital and strategic location for growth," said Michael Hurlston, President and CEO of Synaptics. "Taiwan plays an increasingly pivotal role in the electronics supply chain and has nurtured a strong talent pool to draw upon to ensure our customers and partners are successful." The Hsinchu and Taipei offices will be a hub for Synaptics' finance and sales central services, operations engineering and supplier management, wireless product development and support, as well as core PC touch and fingerprint sensor solutions. About Synaptics Incorporated Synaptics SYNA is leading the charge in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As the go-to partner for the world's most forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We're making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play. Follow Synaptics on LinkedIn, X, and Facebook, or visit www.synaptics.com. Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners. Media Contact Synaptics Incorporated Patrick Mannion Director of External PR and Technical Communications +1 631-678-1015 patrick.mannion@synaptics.com Market News and Data brought to you by Benzinga APIs
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Synaptics Incorporated has expanded its presence in Hsinchu, Taiwan, making it the company's largest employee base worldwide. This move aims to capitalize on the rapidly growing $24B AI IoT market across various sectors.
Synaptics Incorporated (Nasdaq: SYNA) has announced a significant expansion of its operations in Hsinchu, Taiwan, solidifying the country's position as the company's largest employee base worldwide 12. This strategic move underscores Taiwan's critical role in the semiconductor industry and positions Synaptics to capitalize on the rapidly growing $24 billion AI IoT market.
Michael Hurlston, President and CEO of Synaptics, emphasized the importance of this expansion, stating, "Our investment in Taiwan reflects our confidence in the region as a vital and strategic location for growth" 1. The company recognizes Taiwan's pivotal role in the global electronics supply chain and its strong talent pool, which are crucial factors in ensuring the success of Synaptics' customers and partners.
The expanded facilities in Hsinchu will house teams dedicated to developing AI-enabled Edge devices for the Internet of Things (IoT) 2. This initiative aims to capture a significant share of the burgeoning market across various sectors, including consumer, automotive, enterprise, and industrial applications.
The Hsinchu and Taipei offices will serve as a multifaceted hub for Synaptics, encompassing:
Synaptics is positioning itself as a leader in "AI at the Edge," bringing artificial intelligence closer to end-users and transforming interactions with intelligent connected devices 1. The company's portfolio includes cutting-edge solutions such as:
These technologies aim to enhance digital experiences across various domains, including touch, display, biometrics, wireless connectivity, video, vision, audio, speech, and security processing 2.
By expanding its presence in Taiwan, Synaptics is strategically positioning itself to capitalize on the growing demand for AI-enabled IoT devices. The company's focus on developing technologies that make digital experiences smarter, faster, more intuitive, and secure aligns with the evolving needs of the market 12.
As the semiconductor industry continues to evolve, Synaptics' investment in Taiwan demonstrates its commitment to innovation and its recognition of the region's importance in the global technology landscape. This expansion is likely to strengthen the company's competitive position and contribute to its growth in the rapidly expanding AI IoT market.
Synaptics will demonstrate its Astra IoT platform and Veros connectivity portfolio at CES 2025, aiming to accelerate Edge AI development across various markets.
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Synaptics and Google announce a partnership to integrate Google's ML core with Synaptics' Astra platform, aiming to accelerate the development of AI-powered IoT devices with multimodal processing capabilities.
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Synaptics Incorporated, a leading human interface solutions provider, announces its participation in two major investor conferences in August 2024. The company's executives will present at the Rosenblatt 4th Annual Technology Summit and the Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit.
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Synaptics Incorporated, a leading human interface solutions provider, announces its participation in the Citi 2024 Global Technology Conference. The company's CFO, Dean Butler, is set to present and engage with investors.
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3 Sources
Synaptics launches Verosâ„¢, a new brand of high-performance wireless connectivity solutions, featuring AI integration and improved Wi-Fi, Bluetooth, and IoT protocols for enhanced user experiences across various applications.
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