Synaptics is a fabless semiconductor company that designs chips and software for IoT devices, PCs, and smartphones. The company focuses on R&D and product design while outsourcing manufacturing to third-party foundries. Synaptics sells to OEMs through contract manufacturers and original design manufacturers. The Enterprise and Automotive segment, the company's largest business, provides Natural ID fingerprint sensors and DisplayLink video interface chips for laptops and docking stations, as well as touch and display solutions for vehicles. The Core IoT segment offers wireless connectivity chips for Wi-Fi and Bluetooth along with Astra edge AI processors, which run AI models locally on devices instead of in the cloud. In the Mobile segment, Synaptics sells touch controllers for premium Android smartphones and emphasizes the foldable phone market. Synaptics is currently expanding into the robotics and humanoid market by offering tactile sensing, data transport chips, and AI inference processors. The company’s growth strategy centers on integrating wireless connectivity with edge AI. Synaptics recently acquired Wi-Fi technology assets from Broadcom and is currently pending acquisition by onsemi.