Synaptics Shares Rise on AI Team-Up with Google

Dow Jones
01-02
 

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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