Synaptics to Acquire DSP Group to Strengthen Leadership in Low Power AI Technology and Wireless Connectivity

Synaptics and DSP Group, both Nasdaq listed, announced the signing of a definitive agreement, unanimously approved by the boards of directors of both companies, whereby Synaptics acquires DSP Group at $22.00 per share in an all-cash transaction. Synaptics is the company from San Jose, CA, that in 2017 acquired Conexant, one of the industry's leading audio and voice technology specialists, and more recently acquired DisplayLink and the wireless connectivity business of Broadcom.

DSP Group and Snips, the European pioneer in embedded voice recognition software, announced a technology partnership which combines Snips’ voice software with DSP Group’s Ultra Low Energy (ULE) system-on-chip (SoC) and modules. According to the announcement, this combination of software and hardware running over the ULE network extends the reach of natural voice-controlled edge devices and could become a natural choice for multi-room smart home and smart building applications.