Syntiant to acquire the Consumer MEMS Microphones business of Knowles for $150m.

Syntiant, a deep learning tech company, agreed to acquire the Consumer MEMS Microphones business of Knowles, a semiconductor company, for $150m. "After performing an in-depth strategic review, we believe this Transaction with Syntiant is the best outcome for our shareholders, employees, customers, and suppliers. The Transaction provides Knowles with the ability to protect the intellectual property of our market-leading Hearing Health business while maximizing value for shareholders. Today's announcement represents another significant milestone in Knowles' transformation into a premier industrial technology company, building upon the success of our recent Cornell Dubilier acquisition," Jeffrey Niew, Knowles CEO.