ON Semiconductor (ON) Announces $7 Billion Synaptics Acquisition
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowON Semiconductor (ON) has agreed to purchase Synaptics in an all-stock transaction valued at approximately $7 billion to advance its physical AI technology efforts. This acquisition is expected to increase ON Semiconductor's total addressable market by $30 billion to reach $243 billion by 2030. Following the announcement, ON's shares dropped by about 6%, while Synaptics shares gained around 13%. The deal marks ON Semiconductor's largest acquisition to date and is projected to close in mid-2027.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About ON Semiconductor Corporation (ON)
ON Semiconductor makes power and sensing chips for automotive and industrial uses.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier ON news
- ON Semiconductor (ON) Files Form 144 on 10 June 2023
- ON Semiconductor Reports $1,530.1M Revenue & $0.64 EPS for Q4 2025
- ON (ON) Stock Trading at $93.30 with P/E Ratios of 338.07 and 33.78
- On Semiconductor (ON) Reaches 52-Week High at 103.03 USD
- iShares Semiconductor ETF (SOXX) Rises Over 45% This Year
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