Synaptics Inc SYNA shares are rising in extended trading Tuesday after the company signed a licensing agreement with Broadcom Inc AVGO.
What Happened: After the market close on Tuesday, Synaptics announced it’s accelerating its Edge AI strategy through a definitive licensing agreement with Broadcom.
The agreement includes Wi-Fi 8, ultra-wideband (UWB), Wi-Fi 7, advanced Bluetooth and GPS/GNSS products and technology for IoT and the Android ecosystem.
“Our wireless technology…
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https://www.benzinga.com/news/contracts/25/01/43291040/synaptics-stock-climbs-on-broadcom-deal-focused-on-edge-ai