ChipsWall Street Journalabout 3 hours ago
ON Semi Buys Synaptics in $7B All-Stock Deal
1 min read
ON Semiconductor agreed to buy Synaptics in a nearly $7 billion all-stock deal to boost its physical AI push. The Arizona company said the deal adds $30 billion to its addressable market, reaching $243 billion by 2030. Shares of ON Semi fell about 6% after the bell; Synaptics shares rallied about 13%. The deal is expected to close in mid-2027.
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