Syntiant Acquires Knowles' MEMS Microphones Division
Syntiant Corp., a leader in low-power edge AI technology, has made a bold move in the tech world by announcing the acquisition of specific assets from Knowles Corporation's Consumer MEMS Microphones division. This strategic choice aims to strengthen Syntiant's offerings, allowing them to provide complete audio solutions for a variety of applications.
Boosting AI Capabilities
By integrating Knowles' cutting-edge SiSonic MEMS microphones into its existing hardware and software, Syntiant is set to introduce innovative AI-driven features. These MEMS microphones play a crucial role in many audio applications, particularly in smartphones, smart speakers, wearables, smart home devices, and autonomous vehicles.
Voice Control and Audio Clarity
With voice-enabled technology on the rise, the need for top-notch audio solutions has surged. By acquiring Knowles' CMM division, Syntiant is positioning itself as a leader in delivering AI-powered microphones adept at automatic voice recognition and audio processing.
Strategic Positioning in a Growing Market
This acquisition not only enriches Syntiant's product lineup but also taps into a booming multi-billion dollar MEMS market. As a frontrunner in AI and edge processing solutions, Syntiant plans to deliver an integrated system that combines advanced microphones, processors, and AI models.
Customer Benefits
With over 50 million Neural Decision Processors and deep learning models deployed around the world, customers can anticipate a smooth integration of MEMS technology with Syntiant's robust AI capabilities. This synergy promises high-performance solutions that consume less power.
Financial Details of the Acquisition
Syntiant is set to invest $150 million in cash and stock to acquire Knowles' CMM business, which reported revenues of $256 million for fiscal 2023. This deal is financed by Structural Capital and Boardman Bay Capital Management and is expected to finalize in the fourth quarter of 2024, subject to regulatory approvals.
Welcoming a Talented Team
As part of this acquisition, Syntiant will gain a skilled workforce from Knowles, whose expertise and established customer relationships will be a significant asset. CEO Kurt Busch expressed excitement about integrating this team, emphasizing their technology's role in enhancing Syntiant’s product range.
About Syntiant Corp.
Founded in 2017 and headquartered in Irvine, California, Syntiant is known for its innovative edge AI solutions. By merging deep learning with efficient semiconductor design, the company has developed ultra-low-power, high-performance processors aimed at a wide array of applications.
Frequently Asked Questions
What are MEMS microphones?
MEMS microphones, like those produced by Knowles, are compact, high-performance devices that deliver excellent audio quality for many applications, especially in consumer electronics.
Why did Syntiant acquire Knowles' CMM division?
The acquisition seeks to enhance Syntiant's edge AI solutions by incorporating advanced audio technology, which allows for more innovative and integrated product offerings.
How much did Syntiant pay for the acquisition?
Syntiant is investing $150 million in cash and stock to secure Knowles' CMM business.
What can customers expect from this acquisition?
Customers can anticipate improved AI functionalities, better audio processing capabilities, and faster product development cycles.
When is the acquisition expected to finalize?
The deal is expected to close in the fourth quarter of 2024, pending regulatory approvals and other customary closing conditions.
