By Dean Seal
Shares of Synaptics climbed after the company said it was collaborating with Google on the development of artificial-intelligence devices for the internet-of-things network.
The stock was up 6.3% at $83.10 in mid-morning trading. Shares were trading at around $111 this time a year ago.
The provider of human-interface semiconductor solutions said early Thursday morning that it would collaborate with Google on Edge AI, or the deployment of AI algorithms and models on devices that connect to a network.
The team-up will see Google's MLIR-compliant ML core integrated with Synaptics' Astra hardware with open-source software and tools.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 02, 2025 10:09 ET (15:09 GMT)
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