Synaptics Bets on IoT and Voice Processing
Synaptics Inc. (SYNA) has signed an agreement to acquire Conexant Systems LLC, an audio and voice processing company, and the multimedia business of Marvell Technology Group (MRVL), which is also a provider of audio and video processing technologies.
The total addressable market is expected to increase 38% to $10.3 billion by 2020. Synaptics is aiming to complete its human interface portfolio with audio and video solutions as voice recognition is a key for home automation, and video processing capabilities can help the company with automotive sector growth Read more…