Synaptics Reports Inducement Grants Following Completion of Broadcom Agreement

SAN JOSE, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Synaptics^® Incorporated (Nasdaq: SYNA) today announced that on February 17, 2025, it will grant restricted stock unit (“RSU”) awards to new employees who joined Synaptics in connection with the previously announced asset purchase transaction between Synaptics and Broadcom Inc. which closed on January 30, 2025. Pursuant to that transaction, Synaptics also entered into a licensing agreement with Broadcom that includes Broadcom’s Wi-Fi^® 8, ultra-wideband, Wi-Fi 7, advanced Bluetooth^®, and next-generation GPS/GNSS products and technology for the IoT and Android™ ecosystem, further accelerating Synaptics’ Edge AI strategy.

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