Key Takeaways Synaptics and Alphabet's Google will collaborate on technology for the Internet of Things (IoT).Synaptics said the companies would use Google's machine learning core with its Synaptics Astra hardware.

Synaptics stock was rising Thursday after the semiconductor design company unveiled a partnership with Google to advance artificial-intelligence capabilities. Shares of Synaptics climbed 6.3% to $81.10,

The shares of Synaptics Inc (NASDAQ:SYNA) are up 5.9% at $80.85 at last glance, after news that the semiconductor name is partnering with Google parent Alphabet (GOOGL) to enhance artificial intelligence (AI) for the internet-of-things (IoT) network. GOOGL was last seen up 0.4%, brushing off a downgrade from JMP Securities to "market perform."