Syntiant Strengthens AI Solutions with Knowles Microphones
Syntiant's Acquisition of Knowles' MEMS Microphones
Syntiant Corp., a leader in low-power edge AI technologies, has made a significant move in the tech landscape by announcing an acquisition of certain assets from Knowles Corporation's Consumer MEMS Microphones division. This strategic decision aims to bolster Syntiant's portfolio, enabling them to offer comprehensive audio solutions that cater to a wide range of applications.
Enhancing AI Capabilities
The integration of Knowles' advanced SiSonic MEMS microphones into Syntiant's existing hardware and software solutions paves the way for innovative AI-driven features. These MEMS microphones are essential for various audio applications, especially in smartphones, smart speakers, wearables, and even in smart home devices and autonomous vehicles.
Voice Control and Audio Accuracy
As voice-enabled technology continues to gain popularity, the demand for high-quality audio solutions has skyrocketed. By acquiring Knowles' CMM division, Syntiant positions itself as a frontrunner in providing AI-enabled microphones that are equipped to handle automatic voice recognition and audio processing.
Market Positioning in a Booming Sector
This acquisition not only enhances Syntiant's offerings but also taps into a multi-billion dollar MEMS market. Leading the way in AI and edge processing solutions, Syntiant aims to provide an integrated solution that combines cutting-edge microphones, processors, and AI models.
Benefits for Customers
With more than 50 million Neural Decision Processors and deep learning models deployed globally, customers can expect a seamless integration of MEMS technology with Syntiant's powerful AI capabilities. This combination ensures that users will experience high-performance, low-power consumption solutions.
Financial Overview of the Acquisition
Syntiant has committed to an investment of $150 million in cash and stock to acquire Knowles' CMM business, which reported revenues of $256 million for fiscal 2023. The deal is being financed by Structural Capital and Boardman Bay Capital Management, and it is expected to finalize in the fourth quarter of 2024, pending regulatory approvals.
Acknowledging a Talented Workforce
As part of this acquisition, Syntiant will welcome a skilled team from Knowles, whose expertise and long-standing customer relationships are invaluable. CEO Kurt Busch expressed enthusiasm about integrating this team, highlighting the importance of their technology in enhancing Syntiant’s product offerings.
About Syntiant Corp.
Founded in 2017 and based in Irvine, Calif., Syntiant is recognized for its innovative solutions in edge AI deployment. Combining deep learning with efficient semiconductor design, the company has successfully developed ultra-low-power, high-performance processors catered to a diverse range of applications.
Frequently Asked Questions
What are MEMS microphones?
MEMS microphones, like those developed by Knowles, are small, high-performance microphones that provide excellent audio quality for various applications, particularly in consumer electronics.
Why did Syntiant acquire Knowles' CMM division?
The acquisition aims to enhance Syntiant's edge AI solutions by integrating advanced audio technology, allowing for more comprehensive and innovative product offerings.
How much did Syntiant pay for the acquisition?
Syntiant is investing $150 million in cash and stock for the Knowles' CMM business.
What benefits can customers expect from this acquisition?
Customers can look forward to enhanced AI functionalities, superior audio processing capabilities, and quicker product development cycles.
When is the acquisition expected to close?
The transaction is slated to close in the fourth quarter of 2024, subject to regulatory approvals and customary closing conditions.
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