Syntiant Completes Acquisition of Knowles' Consumer MEMS Microphone Division
-Provides Customers with End-to-End Edge AI Solutions Integrating Sensors, Processors and Software- -Expands Product Portfolio to Support New Audio Applications in Consumer and Industrial Markets--Generated Revenue of Approximately $256 Million in 2023 - IRVINE, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Syntiant Corp., the recognized leader in low power edge AI deployments, today announced it has completed the acquisition of Knowles Corporation's (NYSE:KN) Consumer MEMS Microphones (CMM) business for $150 million in cash and stock. Knowles' CMM division is an industry-leading manufacturer and supplier of high performance SiSonicTM micro-electro-mechanical systems (MEMS) microphones that
