en.Wedoany.com Reported - Syntiant Corp, a semiconductor and AI software company focused on the "physical AI" field, formally filed an application for an initial public offering (IPO) in the United States on Monday, aiming to capitalize on current investor enthusiasm for artificial intelligence and computing.

This IPO is the latest in a series of AI-related company listings this year, coinciding with an overall recovery in the U.S. IPO market as companies seek to leverage growing investor confidence. JPMorgan Chase recently projected in a report that total stock issuance this year will exceed $260 billion.

Founded in 2017 by four entrepreneurs, the company primarily develops low-power AI processors designed to run machine learning models directly on devices. According to the company, its technology has been deployed in various products including earbuds, wearable devices, industrial systems, and automobiles.

In December 2024, Syntiant completed the acquisition of Knowles Corp's consumer MEMS microphone business, which specializes in producing microphones for smartphones, earbuds, and other consumer devices. According to regulatory filings, the company's backers include Intel's venture capital arm Intel Capital, Microsoft Global Finance, and Knowles Corp.

Headquartered in Irvine, California, Syntiant reported a net loss of $20.9 million on revenue of $64.5 million for the three months ended March 31, 2026, compared to a net loss of $14.1 million on revenue of $66.6 million in the same period last year.

Syntiant plans to list on the Nasdaq under the ticker symbol "SYTN." Underwriters for the offering include Citigroup, BofA Securities, UBS Investment Bank, and Needham & Company.