Onsemi to Acquire Synaptics for $7 Billion in All-Stock Deal
ON Semiconductor has agreed to acquire Synaptics in a $7 billion all-stock deal, marking its largest acquisition yet. The move aims to expand Onsemi's presence in AI-enabled devices and physical AI markets. Shareholders will receive 1.350 shares of Onsemi for each Synaptics share.
Topics: AI-enabled devices physical AI semiconductors stock market reaction