M&A Deal Summary

Syntiant Acquires Knowles - Consumer MEMS Microphone Division

On September 19, 2024, Syntiant acquired semiconductors company Knowles - Consumer MEMS Microphone Division from Knowles for 150M USD

Acquisition Highlights
  • This is Syntiant’s 1st transaction in the Semiconductors sector.
  • This is Syntiant’s largest (disclosed) transaction.
  • This is Syntiant’s 1st transaction in the United States.

M&A Deal Summary

Date 2024-09-19
Target Knowles - Consumer MEMS Microphone Division
Sector Semiconductors
Buyer(s) Syntiant
Sellers(s) Knowles
Deal Type Divestiture
Deal Value 150M USD

Target

Knowles - Consumer MEMS Microphone Division

United States
Knowles' Consumer MEMS Microphone Division designs and manufactures micro-electro-mechanical systems (MEMS) microphones, known as SiSonic™, which enable voice control communications and superior audio recording for customers across the ear, compute, IoT, and smartphone market segments.

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Buyer(S) 1

Buyer

Syntiant

Irvine, California, United States

Category Company
Founded 2017
Sector Semiconductors
DESCRIPTION

Syntiant is a provider of hardware and software solutions for edge AI deployment. The company’s purpose-built silicon and hardware-agnostic models are being deployed globally to power edge AI speech, audio, sensor and vision applications across a wide range of consumer and industrial use cases, from earbuds to automobiles. Syntiant was founded in 2017 and is headquartered in Irvine, California.


DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Knowles

Itasca, Illinois, United States

Category Company
Founded 1946
Sector Semiconductors
Employees7,100
Revenue 708M USD (2023)
DESCRIPTION

Knowles is a provider of hearing aid transducers and low voltage integrated circuit design, electronic controls and sensors, and precision manufacturing. It has facilities in seven countries spread over North America, Europe and Asia, with its largest operations located in the United States, China, and Malaysia. Knowles was founded in 1946 and is based in Itasca, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 2 of 2
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Cornell Dubilier

Liberty, South Carolina, United States

Cornell Dubilier is a designer and manufacturer of custom high-energy discharge capacitors used in a wide range of medical, military, and commercial pulsed energy applications. Cornell Dubilier was formed in 1933 and is based in Liberty, South Carolina.

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