AICNBC Techabout 4 hours ago
ON Semi drops 20% after Synaptics deal
1 min read
ON Semiconductor shares fell 20% after announcing an all-stock acquisition of Synaptics to enter physical AI. The deal expands the addressable market by $30 billion to $243 billion by 2030. CEO Hassane El-Khoury defended the core business as strong and expects $200 million in annual synergies within 18 months.
Level
Hype check
Tap to vote and see what everyone thinks.
