Synaptics to Acquire DSP Group
Synaptics has acquired DSP Group, a provider of voice and wireless chipset solutions for converged communications, in a deal that is said to be worth $538 million to boost its artificial intelligence and connected device technology.
The acquisition will result in the addition of DSP Group's SmartVoice products to Synaptics' Katana smart vision platform and strengthens Synaptics' wireless connectivity portfolio by adding DECT Ultra Low Energy (ULE), which enables a fully-featured intelligent home security solution.
"We continue to invest in technologies that tilt our product mix toward IoT applications," said Michael Hurlston, president and CEO of Synaptics, in a statement. "DSP Group's expertise in SmartVoice and ULE wireless solutions, coupled with Synaptics' leadership position in far-field speech recognition and IoT-directed Wi-Fi/BT combos enables us to deliver increasingly differentiated solutions to our combined customer base while positioning us to lead the transition to AI-enabled devices at the edge of the network."
"We are excited to join forces with Synaptics, a recognized leader in products for IoT. This combination provides a great result for our shareholders who have supported us through this journey, delivering meaningful and certain value," said Ofer Elyakim, CEO of DSP Group, in a statement. "Our complementary portfolios together with the combination of our world-class engineering teams creates an exciting opportunity for DSP Group's core technology to extend further into our existing customers' product portfolio."