Breaking News: Syntiant Acquires Knowles Consumer MEMS Microphone Division!
-Provides Customers with End-to-End Edge AI Solutions Integrating Sensors, Processors and Software-
-Expands Product Portfolio to Support New Audio Applications in Consumer and Industrial Markets-
Generated Revenue of Approximately $256 Million in 2023 – IRVINE, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) — Syntiant Corp., the recognized leader in low power edge AI deployments, today announced it has completed the acquisition of Knowles Corporation’s (NYSE: KN) Consumer MEMS Microphones (CMM) business for $150 million in cash and stock.
Syntiant’s acquisition of Knowles Consumer MEMS Microphone Division marks a significant milestone in the tech industry. The move allows Syntiant to provide customers with complete end-to-end edge AI solutions, integrating sensors, processors, and software. This consolidation of resources and expertise will definitely enhance the company’s capabilities and offerings.
With the expansion of its product portfolio, Syntiant is now poised to support new audio applications in both consumer and industrial markets. This strategic acquisition not only broadens Syntiant’s reach but also positions the company as a key player in the edge AI market.
The $150 million deal showcases Syntiant’s commitment to growth and innovation. By combining forces with Knowles, Syntiant is setting the stage for future advancements in technology and AI development. The synergies between the two companies are expected to drive new opportunities and drive revenue growth in the coming years.
How this will affect me:
As an individual consumer, this acquisition may not have an immediate impact on you. However, in the long run, it could result in the development of more advanced and innovative audio products that could enhance your overall audio experience. The integration of sensors, processors, and software by Syntiant could lead to the creation of smarter and more efficient devices that cater to your specific audio needs.
How this will affect the world:
The acquisition of Knowles Consumer MEMS Microphone Division by Syntiant is set to have a significant impact on the tech industry worldwide. By providing end-to-end edge AI solutions and expanding their product portfolio, Syntiant is paving the way for new advancements in audio technology. This move is likely to influence the development of AI-driven devices in various sectors and accelerate the adoption of edge AI solutions globally.
Conclusion:
In conclusion, Syntiant’s acquisition of Knowles Consumer MEMS Microphone Division signifies a new chapter in the integration of edge AI solutions in audio technology. With a focus on providing customers with comprehensive offerings, Syntiant is poised to lead the industry towards more innovative and advanced products. This acquisition sets the stage for future growth and development, promising exciting possibilities for both consumers and the tech world at large.
