Synaptics Appoints Rahul Patel as New CEO

By Philip Seaworth • Thursday, May 22 06:02 • Permanent Link

Synaptics Incorporated (Nasdaq: SYNA) has announced the appointment of Rahul Patel as its new President and Chief Executive Officer. Patel, who brings with him over 30 years of leadership experience in the semiconductor industry, is set to drive the company's next chapter of innovation and growth in Processing, Connectivity, and Sensing.

Before joining Synaptics, Patel spent a decade at Qualcomm, where he served as SVP and Group General Manager of the Connectivity, Broadband, & Networking Group. He was responsible for overseeing a multi-billion-dollar portfolio of wireless networking and connectivity business. Prior to his tenure at Qualcomm, Patel spent 13 years in various senior leadership roles at Broadcom, including serving as Senior Vice President and General Manager, Wireless Connectivity Group.

Nelson Chan, Chairman of Synaptics’ Board of Directors, expressed the board's delight in welcoming Rahul as the company's next CEO, citing his extensive semiconductor expertise and strong vision as unique assets that position him to accelerate the company's growth and innovation.

Rahul Patel, the new CEO, expressed his honor and excitement in joining Synaptics and highlighted the company's culture of innovation, exceptional engineering talent, and diversified portfolio of solutions as key factors that uniquely position the company to excel.

Synaptics Incorporated is known for driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices. The company powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions, aiming to make the digital experience smarter, faster, more intuitive, secure, and seamless.

As the company enters this next chapter under new leadership, investors and stakeholders will be keen to see how Synaptics continues to innovate and grow in the semiconductor industry. Following these announcements, the company's shares moved -4.14%, and are now trading at a price of $62.31. Check out the company's full 8-K submission here.

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