Touchscreen chipmaker Synaptics sees a much bigger addressable market for its products as it expands from smartphones and tablets into new areas like automotive and gaming peripherals. At its analyst day on Tuesday, the San Jose, Calif.-based Synaptics (SYNA) projected that its total addressable market will grow from $2.7 billion this year to $10.1 billion in 2018. Synaptics hopes to gain a competitive advantage by integrating touchscreen
Touchscreen chipmaker Synaptics (SYNA) may be required to pay an additional $146 million to former shareholders of Validity Sensors and could face mounting competition, both concerns that could weigh on its stock. The San Jose, Calif.-based company — which designs technology such as touchscreen display drivers and fingerprint readers for smartphones and tablets, along with touchpads for personal computers — faces competition from rivals such as
Touchscreen technology provider Synaptics (SYNA) took a dive Friday after the company reported lower-than-expected sales and profit late Thursday for the September quarter. It also forecast December quarter sales below where analysts were targeting. The San Jose, Calif.-based company blamed weak demand from smartphone makers, including big customer Samsung, for the miss. “We have been concerned about Synaptics’ exposure to Samsung and had taken a