Reuters reports that Apple will be acquiring AuthenTec for $356 million.
AuthenTec Inc (AUTH.O), which makes fingerprint sensor chips used in personal computers, said it agreed to be bought by Apple Inc (AAPL.O) for about $356 million.
Reuters describes AuthenTec as a maker of fingerprint sensor chips. AuthenTec recently had announced a partnership with Samsung as their VPN Security provider.
From their fact sheet, AuthenTec describes its technology:
AuthenTec's award-winning smart fingerprint sensors provide multiple touch-powered features that extend beyond user authentication to include convenience, personalization and touch control. The Company's TouchChip area fingerprint sensors and modules comply with government and industry standards and offer the ruggedness, strong security and ease of integration needed for quick and broad deployment. TouchChip sensors dramatically lower the size, cost and power of fingerprint sensors versus optical-based fingerprint solutions.
AuthenTec's "swipe sensors" is described to use sub-surface technology to read the live layer of skin beneath the skin's surface.
Notably, one sensor is marketed for use specifically for authentication for mobile wallets. Apple has been rumored to be looking into mobile payments. Their Passbook technology in iOS 6 is a first step, but Apple has yet to deploy a more full scale system. Fingerprint authentication could fit into a larger payment strategy.
SeekingAlpha had recently speculated that AuthenTech may supply security chips for the next generation iPhone.
Apple is not going to the trouble of adding a biometric sensor just so that you don't have to use a four digit password. They are adding a biometric sensor so that the iPhone can become a safe and secure payment device.
Saturday March 1, 2025 11:00 am PST by Joe Rossignol
iOS 19 is still around three months away from being unveiled, but there are plenty of rumors about the upcoming update.
Below, we recap iOS 19 rumors so far.
Redesigned Camera App
A leak earlier this year allegedly revealed a redesigned Camera app coming with iOS 19.
On his YouTube channel Front Page Tech in January, Jon Prosser shared a video showing what the new Camera app will...
Wednesday February 26, 2025 7:15 am PST by Joe Rossignol
In a recent press release, Apple confirmed that iOS 18.4 will be released in April.
From the Apple News+ Food announcement:Coming with iOS 18.4 and iPadOS 18.4 in April, Apple News+ subscribers will have access to Apple News+ Food, a new section that will feature tens of thousands of recipes — as well as stories about restaurants, healthy eating, kitchen essentials, and more — from the...
Friday February 28, 2025 2:51 am PST by Tim Hardwick
Apple is expected to embrace a new camera system design for some models in its upcoming iPhone 17 series, and the latest purported CAD images don't deviate from what we have been hearing lately about Apple's new lineup. If you do not like the sound of an iPhone with a Google Pixel-style camera bar, look away now.
Seasoned leaker Sonny Dickson shared the following images in a post on X...
Friday February 28, 2025 3:17 pm PST by Juli Clover
iOS 18.4 was supposed to bring new Apple Intelligence Siri features, but Apple ended up needing to pull those capabilities from the update to continue testing. There are fewer new Apple Intelligence additions now, but there are still some new features that will make the update worth installing when it comes out in April.
Priority Notifications
Apple introduced Priority Notifications back at ...
Friday February 28, 2025 4:39 am PST by Tim Hardwick
Apple has offered a reason why the iPhone 16e doesn't include MagSafe, one of the more notable omissions from its latest entry-level smartphone.
According to Apple representatives who spoke to Daring Fireball's John Gruber, MagSafe is not included in the iPhone 16e because "most people in the iPhone 16e's target audience exclusively charge their phones by plugging them into a charging...
With the iPhone 16e now in the hands of customers, Apple reportedly plans to move on to its next product announcement in the coming days.
Apple plans to announce new MacBook Air models with the M4 chip "as early as this week," according to Bloomberg's Mark Gurman.
"I expect the M4 MacBook Air to be introduced as early as this week," said Gurman, in a post shared on X today. "Inventory has ...
Saturday March 1, 2025 10:00 am PST by Joe Rossignol
Throughout the 2000s and 2010s, Apple offered a line of Wi-Fi routers that it referred to as AirPort base stations. There was a standard AirPort Express, a higher-end AirPort Extreme with more advanced networking features, and an AirPort Time Capsule that doubled as an external storage drive for backing up a Mac with Time Machine.
Apple discontinued the AirPort line in 2018, but the company...
Friday February 28, 2025 10:08 am PST by Joe Rossignol
iPhone 16e reviews are now out, and Apple's custom-designed C1 modem has been put to the test. The results so far are quite surprising, as the C1's speeds are not as slow compared to Qualcomm modems as originally expected.
While the C1 does not support ultra-fast mmWave 5G in the U.S., it appears to offer comparable 5G performance to Qualcomm's Snapdragon X71 modem found in the iPhone 16,...
Monday February 24, 2025 9:14 am PST by Joe Rossignol
According to a post on X today from a leaker known as Kosutami, Apple plans to launch AirPods Pro 3 in May or June this year.
The leaker also claimed that an AirTag 2 will launch around the same time.
Kosutami is best known as a collector of prototype Apple hardware, but they have occasionally shared accurate information about Apple's future product plans. For example, they accurately...
Please note that I am a professional software engineer...
It's amazing to me that hardware companies, such as AuthenTec, who produce actual tangible products are purchased for significantly less than some silly, single shot app (like silly photo apps, and wow there was a pun in there) development companies. There is so much more needed in the engineering of hardware, and the accompanying software than there is in a stupid 'social app'. Hardware companies have to deal with real world engineering, real-world supply chain management etc. Where silly little software companies can just offload all the distribution off to the cloud. An app company can make a silly picture taking app that distorts your photos and they are all of a sudden worth a billion dollars; crazy.
/rant.
But, all-in-all, it's a cool acquisition. Hopefully they do something cool with it.
Just last week, AuthenTec entered an agreement (http://www.authentec.com/News/ViewNews/tabid/473/ArticleId/518/Samsung-Selects-AuthenTecs-VPN-Security-to-Enhance-Enterprise-Security-in-New-Android-Smartphones-Ta.aspx) with Samsung to implement secure VPNs for its Android hardware. Whoops.
I find it hilarious how many people think they know the cost vs. benefit of Apple's acquisitions more than Tim Cook and Co. They don't just buy up companies for no reason, and they don't waste money, but, like all things, they keep it close to the chest.
Well obviously they know what they're doing. I'm not implying otherwise. I was just hoping geniuses such as yourself would have some more insight on this than morons like me.
Apple realizes (I think) that the goal is not replacing a credit card. That's a short-sighted goal. Apple WILL replace the credit card, of course, but as a stop-gap measure. Swiping your iPhone will charge to your iTunes account, which is tied to whatever credit card you want. Eventually this middle-man route also leaves Apple to negotiate better deals or remove the credit card companies altogether and you'll not notice (or care) because the system will be the same; you'll still be charging to your AppleID. But, like I said, this is all stop-gap.
The real goal is to replace the entire wallet and maybe even my keys. Why replace the credit card when I still have to carry around my driver's license, passport, and other IDs? I'd still have to carry a wallet anyway.This is a longer term goal, but significantly better. Your phone trusting that you are you is the first step.
Please note that I am a professional software engineer...
It's amazing to me that hardware companies, such as AuthenTec, who produce actual tangible products are purchased for significantly less than some silly, single shot app (like silly photo apps, and wow there was a pun in there) development companies.
If it makes you feel any better, Instagram was purchased more for its massive number of users than its software technology.
I'd like the ability to get a fingerprint if your phone is stolen and have it reported to a database. Bet there would be a lot less stolen phones. The alternative is a remote self destruct like a James Bond Movies. (Hot Potato anyone? ) :D
Reuters reports that Apple will be acquiring AuthenTec for $356 million.
