ON Semiconductor Acquires Synaptics for $7 Billion to Expand Physical AI Capabilities
ON Semiconductor has agreed to acquire Synaptics in a nearly $7 billion all-stock deal, marking its largest acquisition ever. The move is intended to accelerate ON Semi's expansion into physical artificial intelligence and boost its total addressable market from $213 billion to $243 billion by 2030.
Topics: AI semiconductors technology M&A