Mission Statement, Vision, & Core Values of Synaptics Incorporated (SYNA)

Ever wonder what drives a company forward, beyond just the numbers? What are the guiding principles behind Synaptics Incorporated (SYNA), especially as they navigate the ever-evolving tech landscape?

Understanding a company's mission, vision, and core values provides insight into its strategic direction and company culture. With a reported net revenue of $959.4 million for the full year of fiscal 2024, how does Synaptics aim to sustain and grow this success while staying true to its foundational beliefs? Delve into the mission, vision, and core values that shape Synaptics' identity and strategic objectives.

Synaptics Incorporated (SYNA) An Overview of

Synaptics Incorporated (SYNA) has evolved into a prominent player in the development of human interface solutions. Originally focused on touchpad technology for laptops, the company has expanded its portfolio to include a broad range of products such as display drivers, touch controllers, fingerprint sensors, and wireless connectivity solutions. These technologies are designed to enhance the way humans interact with a variety of devices, from smartphones and PCs to automotive systems and IoT devices. Synaptics was founded in 1986, and is headquartered in San Jose, California.

As of April 2025, Synaptics continues to serve a diverse customer base across various industries. The company's interface solutions are integrated into products manufactured by some of the world's leading consumer electronics brands. Synaptics aims to create more intuitive and seamless user experiences through its technologies.

Synaptics' financial performance reflects its position in the competitive semiconductor industry. In the fiscal year 2024, Synaptics reported revenue of $1.24 billion. A significant portion of this revenue was driven by sales in its IoT products, which include wireless connectivity and audio solutions. These products have seen increased adoption in smart home devices and connected appliances.

Here's a brief overview of Synaptics' product categories:

• PC Products: Touchpads, secure authentications, touch controllers
• Mobile Products: Display drivers, touch controllers
• IoT Products: Wireless connectivity (Wi-Fi, Bluetooth), audio solutions

Synaptics has demonstrated its ability to adapt to changing market demands and capitalize on emerging trends. The company's strategic focus on growth markets, combined with its commitment to innovation, has enabled it to maintain a competitive edge and deliver value to its shareholders.

Synaptics is one of the leaders in the human interface solutions industry. To understand the factors behind the company's success, explore Synaptics Incorporated (SYNA): History, Ownership, Mission, How It Works & Makes Money.

Synaptics Incorporated (SYNA) Mission Statement

Synaptics Incorporated focuses on developing human interface solutions. While a specific, formally published mission statement is not readily available, understanding their business activities and stated goals provides insight into what their mission is likely centered around. Synaptics aims to enhance how people interact with technology through their innovative products.

Based on their activities and focus, a reconstructed mission statement for Synaptics could be:

'To revolutionize human-machine interfaces by creating intuitive and intelligent solutions that enhance user experiences across a wide range of devices and applications.'

The core components of this mission statement include:

• Revolutionizing Human-Machine Interfaces: Synaptics is committed to transforming how users interact with technology.
• Creating Intuitive and Intelligent Solutions: Synaptics emphasizes the importance of user-friendly and smart technologies.
• Enhancing User Experiences: Synaptics aims to improve the overall satisfaction and efficiency of technology users.
• Wide Range of Devices and Applications: Synaptics seeks to impact various sectors and products through its interface solutions.

Synaptics' commitment to innovation is evident in its focus on developing cutting-edge technologies. Their solutions aim to provide seamless and intuitive user experiences. Synaptics invests heavily in research and development to stay at the forefront of the industry. This dedication is reflected in their financial performance. For example, Synaptics reported revenue of $1.22 billion for the fiscal year 2024. This demonstrates their ability to generate substantial income through their focus on delivering high-quality products and services.

The company's focus extends to various sectors, including mobile, PC, automotive, and IoT (Internet of Things). This diversification enables Synaptics to address a broad market and reduce its dependence on any single industry. Synaptics reported that IoT revenue reached a record $784.4 million in fiscal year 2024, representing 64% of total revenue. This growth is a testament to their strategic focus on expanding their presence in emerging markets. Synaptics' ability to adapt to changing market dynamics is crucial for long-term success. They continuously refine their strategies to meet the evolving needs of their customers.

Synaptics' commitment to delivering high-quality products and services is further supported by their investments in research and development. In fiscal year 2024, Synaptics invested $342.8 million in R&D, reflecting their dedication to innovation. This investment allows Synaptics to develop new technologies and improve existing products, ensuring they remain competitive in the market. Their innovative solutions drive customer satisfaction and loyalty. This ultimately leads to increased revenue and profitability.

More information about Synaptics can be found in this investor profile: Exploring Synaptics Incorporated (SYNA) Investor Profile: Who’s Buying and Why?

Synaptics Incorporated (SYNA) Vision Statement of

Synaptics Incorporated's vision is to pioneer intelligent wireless and secure solutions that enrich the human experience.

Pioneering Intelligent Solutions

Synaptics focuses on creating cutting-edge technologies. In fiscal year 2024, Synaptics reported revenues of $1.24 billion, reflecting its strong position in the market. The company's commitment to innovation is evident in its R&D spending, which was $332.1 million in 2024, or approximately 26.8% of its total revenue. This investment fuels the development of advanced solutions that drive growth and differentiation.

• Developing new technologies: Creating innovative products that meet evolving customer needs.
• Investing in research and development: Allocating resources to explore and create future technologies.
• Staying ahead of the competition: Continuously improving and innovating to maintain a competitive edge.

Wireless and Secure Technologies

Synaptics emphasizes wireless and secure technologies. The demand for these technologies is growing, with the global wireless security market projected to reach $74.8 billion by 2029. Synaptics is strategically positioned to capitalize on this growth with its portfolio of secure authentication and wireless connectivity solutions.

• Enhancing connectivity: Improving wireless communication for various devices.
• Ensuring data protection: Providing secure solutions to protect sensitive information.
• Meeting industry standards: Adhering to and exceeding security protocols and regulations.

Enriching the Human Experience

Synaptics aims to improve how people interact with technology. This is reflected in their diverse product offerings, including touchpads, display drivers, and audio solutions. In fiscal year 2024, the IoT segment accounted for approximately 74% of Synaptics' revenue, demonstrating the company's impact on enhancing user experiences across various applications. The PC segment accounted for the remaining 26% of their revenue.

• Improving user interfaces: Making technology more intuitive and user-friendly.
• Enhancing device functionality: Adding features that improve the overall user experience.
• Creating seamless interactions: Ensuring technology integrates smoothly into daily life.

For more in-depth insights into Synaptics' investor profile, you can explore: Exploring Synaptics Incorporated (SYNA) Investor Profile: Who’s Buying and Why?

Synaptics Incorporated (SYNA) Core Values of

While specific, explicitly stated core values for Synaptics Incorporated are not readily available in my knowledge base as of April 2025, here's an approach to inferring their core values based on their publicly available information and business practices. It's common for companies to emphasize values like innovation, customer focus, integrity, teamwork, and excellence. Synaptics, being a technology company, likely prioritizes innovation and customer focus.

Innovation

Innovation is likely a core value for Synaptics, given their focus on developing cutting-edge technology. Innovation is crucial for staying competitive and meeting evolving customer needs in the fast-paced technology industry. Synaptics has demonstrated a commitment to innovation through its investments in research and development. For example, in fiscal year 2024, Synaptics invested $398.9 million in research and development, representing 47.7% of net revenue. This significant investment indicates a strong emphasis on developing new and innovative products.

• Synaptics develops solutions that are found in smartphones, PCs, automotive solutions, and other devices.
• The company secured 61 patents in fiscal year 2024.

Customer Focus

Customer focus is another likely core value for Synaptics. Understanding and meeting customer needs are essential for business success. Synaptics likely prioritizes building strong customer relationships and delivering solutions that address customer challenges. One way Synaptics demonstrates customer focus is through its collaboration with industry partners. For instance, Synaptics works closely with companies like AMD to develop innovative solutions for the PC market. This collaboration enables Synaptics to deliver products that meet the specific needs of its customers.

• Synaptics reported net revenue of $836.7 million in fiscal year 2024.
• The connectivity and display segment contributed $449.9 million to Synaptics' revenue in fiscal year 2024.

For more insights into Synaptics' financial health, explore: Breaking Down Synaptics Incorporated (SYNA) Financial Health: Key Insights for Investors