The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: So yes, let's kind of talk about IoT. It's about, what, 55% of the revenues and stuff, and I think you're saying about 60% total. Trying to get an idea
what are the various moving parts that you think, if you look out into 2022 because obviously, that's going to drive your growth, that's your biggest
market strategy. What are some of the various moving parts that you see in 2022? What areas, what segments do you see the most growth? And
if you could say, kind of rank -- start rank-ordering some of those?
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: Yes. Yes. No, that's a good rundown of IoT. And obviously, that VR thing is -- especially with people talking more about the metaverse and all that
stuff, I mean that kind of plays in a lot more. It's kind of going beyond just playing video games, right? So...
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: Yes. Yes, definitely exciting times. So yes, so we talked about IoT and then we can kind of -- I'd like to dive more into products a little later, but let's
talk about some of the other portions of your business that like I said, it's kind of flipped right? It used to be kind of a more a PC-centric company
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: Great. Actually, I have a question from an investor that just came in. They were asking, what are your key advantages versus probably your most
comparable would be, SLAB, versus Silicon Labs?
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: Great. Let's talk about you made a recent acquisition or last year, towards the end of last year, of DSPG Group. And I wanted to see, well, for one,
how is the integration going? I mean is it progressing as you had thought when you initially went into the deal? And what does DSPG Group --
what do they bring to the party here at Synaptics?
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JANUARY 05, 2022 / 9:00PM, SYNA.OQ - Synaptics Inc at JPMorgan Tech/Auto Forum
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: I see. Now is this the new Katana solution that you have, what you announced the other day and the Lenovo Yoga Tab 11, right? Does that utilize
DSPG technology?
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: I see. I see. Okay. One more investor question that just came in. One question here is OLED TDDI still on track for first half of '22 launch?
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: Right. Yes, we're almost out of time, but I just wanted to hit at least one of the financial questions. I know you're -- as for your capital allocation
strategy, right, I mean, you've been pretty clear that M&A is always going to be the highest priority for your capital allocation strategy. So the
question is, what technologies, what products do you think would strengthen your portfolio through M&A? I mean what areas are you kind of
actively looking at that would bolster your advantages?
Question: John Spencer Ahn - JPMorgan Chase & Co, Research Division - Analyst
: Okay. Great. I think that just takes us right to the 30-minute mark. So I really appreciate Dean and Munjal joining us, and sharing your story. And I
wish you guys the best for a great 2022.
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