{"id":25460,"date":"2014-06-11T10:49:29","date_gmt":"2014-06-11T14:49:29","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=25460"},"modified":"2014-06-11T10:49:29","modified_gmt":"2014-06-11T14:49:29","slug":"synaptics-incorporated-nasdaqsyna-seeks-to-re-establish-relationship-with-apple-inc-nasdaqaapl","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/synaptics-incorporated-nasdaqsyna-seeks-to-re-establish-relationship-with-apple-inc-nasdaqaapl-25460","title":{"rendered":"Synaptics, Incorporated (NASDAQ:SYNA) Seeks To Re-Establish Relationship With Apple Inc. (NASDAQ:AAPL)"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 06\/11\/2014 (wallstreetpr) \u2013 <b>Synaptics, Incorporated (NASDAQ:SYNA)<\/b> proposes to buy Renesas SP Drivers \u00a0Inc, the sole supplier of iPhone\u2019s display driver chips.<\/p>\n<p style=\"text-align: justify;\">Synaptics has agreed to buy Renesas SP Drivers, which is a division of the Japan based chip- manufacturer Renesas Electronics Corp., for $475 million. The amount will be the price Synaptics is paying for the remaining outstanding shares of the company.<\/p>\n<p style=\"text-align: justify;\"><b>Apple\u2019s Supplier<\/b><\/p>\n<p style=\"text-align: justify;\">The Chief Executive Officer of Synaptics, Rick Bergman, is enthusiastic to win the iPhone maker back as its customer after 8 years. Synaptics was a supplier for parts of <strong>Apple Inc. (NASDAQ:AAPL)<\/strong>\u2019s products and with this acquisition it seeks to re-establish the relationship. Apple had discontinued the partnership after it decided to make internal shifts in touch technology. Prior to that, the iPod maker had developed the first scrolling wheel for its music player.<\/p>\n<p style=\"text-align: justify;\">In a Tokyo news conference, Bergman said that Synaptics could have an exciting opportunity as Apple, he believes, does not manufacture driver chips internally. He said that the technologies of the two companies are complementary.<\/p>\n<p style=\"text-align: justify;\">Apple, on the other hand, prefers availing driver chips for its products\u2019 display from only one dedicated source, which, until now, was Renesas. According to people having knowledge on the issue, the company believes that driver chips obtained from varied sources could result in significant variations in its devices\u2019 display.Synaptics, Incorporated (NASDAQ:SYNA), which enjoys 70% of the touchpad market, supplies chips to Samsung Electronics Co., which employs them in its smartphones including Galaxy S5 and Galaxy Note 3 phablets.<\/p>\n<p style=\"text-align: justify;\"><b>Expansion<\/b><\/p>\n<p style=\"text-align: justify;\">Synaptics, Incorporated (NASDAQ:SYNA)\u00a0also seeks to assimilate its touch technology with the display drivers of Renesas to enhance performance and cut costs, said Kevin Barber, the company\u2019s Senior Vice President. Further, it is also anticipating a surge in fingerprint sensors, 90% of whose market it had acquired after last year\u2019s merger with a company focused in the technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 06\/11\/2014 (wallstreetpr) \u2013 Synaptics, Incorporated (NASDAQ:SYNA) proposes to buy Renesas SP Drivers \u00a0Inc, the sole supplier of iPhone\u2019s display driver chips. Synaptics has [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":25461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[3824,3823],"stock_ticker":[],"class_list":["post-25460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-nasdaqsyna","tag-synaptics-incorporated-nasdaqsyna","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Synaptics, Incorporated (NASDAQ:SYNA) Seeks To Re-Establish Relationship With Apple Inc. (NASDAQ:AAPL) - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/synaptics-incorporated-nasdaqsyna-seeks-to-re-establish-relationship-with-apple-inc-nasdaqaapl-25460\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Synaptics, Incorporated (NASDAQ:SYNA) Seeks To Re-Establish Relationship With Apple Inc. (NASDAQ:AAPL) - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 06\/11\/2014 (wallstreetpr) \u2013 Synaptics, Incorporated (NASDAQ:SYNA) proposes to buy Renesas SP Drivers \u00a0Inc, the sole supplier of iPhone\u2019s display driver chips. Synaptics has [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/synaptics-incorporated-nasdaqsyna-seeks-to-re-establish-relationship-with-apple-inc-nasdaqaapl-25460\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-11T14:49:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/06\/index11.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"116\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/synaptics-incorporated-nasdaqsyna-seeks-to-re-establish-relationship-with-apple-inc-nasdaqaapl-25460#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/synaptics-incorporated-nasdaqsyna-seeks-to-re-establish-relationship-with-apple-inc-nasdaqaapl-25460\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Synaptics, Incorporated (NASDAQ:SYNA) Seeks To Re-Establish Relationship With Apple Inc. 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