Synaptics has signed an agreement to make a minority investment in OXi and expects the investment to close within a few weeks. Synaptics will also have the right to appoint a member of the OXi Board of Directors.
“Synaptics’ strategic engagement with OXi is the company’s first move beyond capacitive technology and expands our innovative human interface portfolio into exciting new directions. This innovation will allow the removal of the home button and enable cleaner industrial designs for smartphones. Our close partnership with OXi supports getting to market very quickly with new and advanced optical fingerprint solutions that are scheduled to sample soon, and advances our China presence and support network,” said Rick Bergman, president and CEO, Synaptics.