Above: Michael Hurlston, President and CEO of Synaptics
US-based Synaptics Incorporated announced that it has completed the acquisition of DSP Group (Herzliya, Near Tel Aviv), for an a price of approximately $549 million in cash. The acquisition was previously announced on August, 2021. Michael Hurlston, President and CEO of Synaptics, said the two companies are highly complemented. “DSP Group’s capabilities in SmartVoice and low power AI align well with our long-term vision of embedding more intelligence in connected devices at the edge.
“The addition of DSP Group’s ULE wireless technology and VoIP processing solutions enhances our ability to both cross-sell and deliver differentiated solutions to our combined customer base.” For the full year fiscal 2021, Synaptics revenues totaled $1.34 billion. DSPG annual revenues for 2020 totaled $114.5 million. DSP Group was founded in 1987 on the basis of DSP technologies, and evolved to be a provider of ULE and voice processing chips.