Synaptics Completes Acquisition of DisplayLink
July 31 2020 - 8:00AM
Synaptics Incorporated (Nasdaq: SYNA) today announced that it has
completed the acquisition of DisplayLink Corp., a leader in
universal docking solutions and high-performance video compression
technology. The combination with DisplayLink, in addition to the
recently completed acquisition of rights to Broadcom’s wireless IoT
connectivity portfolio, further accelerates Synaptics’ long-term
IoT diversification strategy and extends its video interface market
leadership.
“We are very excited to join forces with the DisplayLink team,
the unquestioned leader in universal docking solutions,” said
Michael Hurlston, president and CEO of Synaptics. “We expect to
combine their innovative video compression technology with our
existing video interface products as well as our new wireless
solutions to build a roadmap second to none.”
About Synaptics: Synaptics is the pioneer and
leader of human interface solutions, bringing innovative and
intuitive user experiences to intelligent devices. Synaptics’ broad
portfolio of touch, display, biometrics, voice, audio, and
multimedia products is built on the company’s rich R&D,
extensive IP and dependable supply chain capabilities. With
solutions designed for mobile, PC, smart home, and automotive
industries, Synaptics combines ease of use, functionality and
aesthetics to enable products that help make our digital lives more
productive, secure and enjoyable. (Nasdaq: SYNA). Join Synaptics on
Twitter, LinkedIn, and Facebook, or visit www.synaptics.com.
Synaptics, and the Synaptics logo are trademarks of Synaptics in
the United States and/or other countries. All other marks are the
property of their respective owners.
For further information, please contact:
Investor Relations Jason Tsai Synaptics
jason.tsai@synaptics.com
Public Relations David Hurd Synaptics
david.hurd@synaptics.com
Forward-Looking Statements This press release
contains forward-looking statements that are subject to the safe
harbors created under the Securities Act of 1933, as amended, and
the Securities Exchange Act of 1934, as amended. Forward-looking
statements give our current expectations and projections relating
to our financial condition, results of operations, plans,
objectives, future performance and business, including our
expectations regarding the completed transaction between Synaptics
and DisplayLink, and the potential benefits of the transaction, and
can be identified by the fact that they do not relate strictly to
historical or current facts. Such forward-looking statements may
include words such as “expect,” “anticipate,” “intend,” “believe,”
“estimate,” “plan,” “target,” “strategy,” “continue,” “may,”
“will,” “should,” variations of such words, or other words and
terms of similar meaning. All forward-looking statements reflect
our best judgment and are based on several factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Such factors
include, but are not limited to: the ability to successfully
integrate the acquired business into our portfolio; the failure to
realize the anticipated benefits of the transaction; the risk that
our business, results of operations and financial condition and
prospects may be materially and adversely affected by the COVID-19
pandemic and that significant uncertainties remain related to the
impact of COVID-19 on our business operations and future results,
including our fourth quarter fiscal 2020 results; the risks as
identified in the “Risk Factors,” “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” and
“Business” sections of our Annual Report on Form 10-K for the
fiscal year ended June 29, 2019 (including that the impact of the
COVID-19 pandemic may also exacerbate the risks discussed therein);
and other risks as identified from time to time in our Securities
and Exchange Commission reports. Forward-looking statements are
based on information available to us on the date hereof, and we do
not have, and expressly disclaim, any obligation to publicly
release any updates or any changes in our expectations, or any
change in events, conditions, or circumstances on which any
forward-looking statement is based. Our actual results and the
timing of certain events could differ materially from the
forward-looking statements.
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