Flexible Electronics News

Synaptics Closes Transaction to Divest Mobile LCD TDDI Business

For $120 million in cash.

Synaptics Incorporated successfully closed the previously announced transaction to divest its Asia-based, mobile LCD TDDI business to an affiliate of Hua Capital for $120 million in cash. 
 
In addition to the purchase price, Synaptics expects to receive a cash payment for the on-hand specified business inventory, which is currently estimated to be valued at approximately $19.4 million. 
 
Further details will be discussed during the company’s May 7 earnings call (2 p.m. Pacific).

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters