M&A
confidence high
sentiment positive
materiality 0.85
Synaptics to acquire Broadcom wireless assets for $198M, including Wi-Fi 8 and UWB
SYNAPTICS Inc
- Total consideration of $198M in cash; expected closing January 30, 2025.
- Acquires assets/licenses for Wi-Fi 8/7, UWB, advanced Bluetooth, next-gen GPS/GNSS for IoT and Android.
- Deal expected to add $40M+ in annualized sales and be immediately accretive to non-GAAP EPS.
- Expands addressable market into AR/VR, Android smartphones, and consumer audio.
- Strengthens wireless R&D team; solidifies Veros wireless roadmap for 5+ years.