samzenpus from the circle-of-business dept.
Rambo Tribble (1273454) writes Synaptics Inc., of touchpad fame, is acquiring Renesas SP Drivers Inc, a division of Japanese chipmaker Renesas Electronics Corp. Renesas SP is the exclusive supplier of Apple's display driver chips for the iPhone. While Synaptics is a major supplier of touchscreen technology to clients such as Samsung, they have not done business with Apple for some eight years. Characterized as 'thrilled' to be back in Apple's supply chain, Synaptics CEO, Rick Bergman, is quoted as saying, '... I don't believe they do any driver chips internally so that would really be an opportunity for us.'
The IQ of the group is the lowest IQ of a member of the group divided
by the number of people in the group.