Onsemi to Acquire Synaptics in $7 Billion All-Stock AI Deal
Onsemi (ON Semiconductor) announced a $7 billion all-stock acquisition of Synaptics, its largest deal ever, to expand into physical AI and edge computing. The acquisition, expected to close in mid-2027, adds Synaptics' connected-compute platform to Onsemi's automotive, power, and industrial strengths, boosting its target market to $243 billion by 2030. Synaptics shareholders will receive 1.35 Onsemi shares per share. Onsemi shares fell sharply post-announcement, while Synaptics shares rose.
Cross-source coverage
Wire timeline
ON Semiconductor (onsemi) Acquisition of Synaptics M&A Call Transcript
This article is a transcript of a conference call held on June 25, 2026, discussing ON Semiconductor's (onsemi) acquisition of Synaptics, as published on Seeking Alpha. The call features key executives from both companies, including Hassane El-Khoury (CEO, onsemi), Thad Trent (CFO, onsemi), and Rahul Patel (CEO, Synaptics). The session covers the strategic rationale, financial details, and future prospects of the acquisition. The call includes participation from analysts at major financial institutions such as Deutsche Bank, BofA Securities, and Goldman Sachs. The transcript is part of an investor relations event webcast on onsemi's website, with a replay and slides available for 30 days.
All Articles on Seeking Alphaonsemi's $7 Billion Acquisition of Synaptics Positions Combined Company for Robotics Inflection
onsemi (ON) announced its intent to acquire Synaptics (SYNA) in a $7 billion all-equity deal, aiming to bolster its technology platform offerings. The acquisition is positioned to leverage the combined company's capabilities for the anticipated robotics inflection point. The news was reported by Seeking Alpha, with analysis from Monte Independent Investment Research. Analyst Michael Del Monte, a buy-side equity analyst with expertise in technology and industrials, disclosed no current positions in either company but indicated a potential long position in ON. The deal underscores consolidation trends in the semiconductor and sensor technology sectors.
All Articles on Seeking AlphaOnsemi to Acquire Synaptics in $7 Billion All-Stock Deal for Edge AI and Physical AI Platforms
Onsemi announced a $7 billion all-stock acquisition of Synaptics, aiming to combine Onsemi's power management and sensor strengths with Synaptics' compute, connectivity, and AI processor portfolio. The merged entity will target the Physical AI market, including robotics, automotive, industrial, and AR/VR applications. Synaptics, which has been unprofitable recently, will help Onsemi build a comprehensive platform with power, sense, connectivity, compute, and control capabilities. Executives from both companies highlighted the strategic fit for integrated edge AI solutions. Synaptics shareholders will receive 1.35 shares of Onsemi per share, owning about 12% of the combined company. The deal has board approval and is expected to leverage Onsemi's manufacturing capacity for Synaptics' products, particularly in mature process technologies.
Latest from Tom's HardwareOnsemi to Acquire Synaptics in $7 Billion All-Stock Deal for Edge AI and Robotics
Onsemi and Synaptics announced a definitive agreement for Onsemi to acquire Synaptics in an all-stock transaction valued at approximately $7 billion. The merger aims to create a comprehensive platform for physical AI, robotics, and edge AI applications by combining Onsemi's power management and sensor expertise with Synaptics' portfolio of compute, connectivity, touch, and biometric solutions. Synaptics, which has been financially struggling with declining revenue, will bring its Edge AI platform including AI processors, NPUs, and wireless technologies. The combined company will target automotive, industrial, client, and AR/VR markets. Each Synaptics shareholder will receive 1.35 shares of Onsemi common stock, holding about 12% of the merged entity. The deal has unanimous board approval from both companies.
Latest from Tom's HardwareOnsemi to Acquire Synaptics in $7 Billion All-Stock Deal for Edge AI Hardware
Onsemi and Synaptics announced a definitive agreement for Onsemi to acquire Synaptics in an all-stock transaction valued at approximately $7 billion. The deal is intended to combine Onsemi's intelligent power and sensing technologies with Synaptics' edge AI-native compute, connectivity, and human-machine interface capabilities. Together, they aim to create comprehensive platforms for robotics and physical AI applications, covering the pillars of power, sense, connectivity, compute, and control. Synaptics has been losing money in 2025-2026 despite its diversified portfolio, while Onsemi remained profitable. Under the terms, Synaptics shareholders will receive 1.35 Onsemi shares per Synaptics share, holding about 12% of the combined company. The boards of both firms have unanimously approved the deal.
Latest from Tom's HardwareON Semi shares plunge 20% on Synaptics acquisition as CEO defends core business
ON Semiconductor (ON Semi) shares fell 20% after announcing its largest-ever acquisition, buying edge AI and wireless connectivity firm Synaptics in an all-stock deal. CEO Hassane El-Khoury defended the company's core automotive power and sensing business on CNBC's 'Squawk on the Street', stating the acquisition is complementary and built on a strong foundation. The pivot into physical AI (e.g., robots, autonomous vehicles) expands ON Semi's addressable market by $30 billion, to a total of $243 billion by 2030. The Synaptics Astra platform will bolster Edge AI capabilities for real-time sensing and decision-making. The deal is expected to close in mid-2027 and generate $200 million in annual synergies within 18 months. El-Khoury also noted the data center business is accelerating. The acquisition opens new AI-centric compute markets with no product overlap.
US Top News and AnalysisON Semiconductor to acquire Synaptics in $7 billion all-stock deal
ON Semiconductor (onsemi) announced an all-stock acquisition of Synaptics valued at approximately $7 billion, its largest deal to date. Each Synaptics share will be exchanged for 1.350 shares of onsemi, implying a roughly 19% premium over the 10-day volume-weighted average price. The deal, unanimously approved by both boards, is expected to close in mid-2027 pending shareholder and regulatory approvals. The acquisition aims to expand onsemi's total addressable market by $30 billion to $243 billion by 2030, targeting 'physical AI'—intelligence running locally within hardware. Synaptics' Astra platform, combining AI processors, NPUs, and wireless connectivity, complements onsemi's strengths in automotive, industrial, and data center markets. Post-announcement, ON Semiconductor shares fell 6-10%, while Synaptics shares rose over 10%. Morgan Stanley and J.P. Morgan advised onsemi; Qatalyst Partners advised Synaptics.
Yahoo FinanceON Semiconductor acquires Synaptics for $7 billion in physical AI push
ON Semiconductor has agreed to acquire Synaptics for nearly $7 billion in an all-stock deal, its largest acquisition ever, to accelerate its push into physical artificial intelligence. The Arizona-based company said the deal expands its total addressable market by $30 billion to $243 billion by 2030, and strengthens its intelligent systems portfolio. ON Semi CEO Hassane El-Khoury stated the transaction adds connected compute capabilities and expands software and ecosystem reach. Shares of ON Semi fell about 6% after hours while Synaptics shares rose 13%. The deal is expected to close in mid-2027, with Synaptics shareholders receiving 1.350 ON Semi shares per share held. The acquisition reflects a broader trend of technology companies acquiring AI capabilities, following Qualcomm's purchase of Modular and Salesforce's acquisition of Fin this month.
US Top News and AnalysisOn Semiconductor strikes $7 billion deal for Synaptics in physical AI push
On Semiconductor has agreed to buy Synaptics in a nearly $7 billion all-stock deal, its largest acquisition ever, to accelerate its push into physical artificial intelligence. The Arizona-based company said the deal boosts its total addressable market by $30 billion to $243 billion by 2030 and strengthens its intelligence systems portfolio. After the announcement, On Semi shares fell about 6% while Synaptics rallied 13%. The deal is expected to close in mid-2027, with Synaptics shareholders receiving 1.350 shares of On Semiconductor common stock per share held. On Semi CEO Hassane El-Khoury said the transaction adds immediate connected compute capabilities and expands the company's software and ecosystem reach. The acquisition comes amid a broader trend of technology companies racing to strengthen AI capabilities, with Qualcomm recently acquiring infrastructure startup Modular and Salesforce buying AI customer service platform Fin for $3.6 billion.
US Top News and AnalysisOnsemi to Acquire Synaptics in $7 Billion All-Stock Deal
ON Semiconductor (Onsemi) announced on June 25, 2026, that it has agreed to acquire Synaptics in an all-stock deal valued at approximately $7 billion, its largest acquisition to date. The deal aims to expand Onsemi's presence in AI-enabled devices and physical AI. Under the terms, Synaptics shareholders will receive 1.350 shares of Onsemi common stock for each Synaptics share, representing a 19% premium based on the 10-day volume-weighted average closing prices. Onsemi CEO Hassane El-Khoury stated the acquisition will create a market leader in physical AI by combining Synaptics' connected-computing platform with Onsemi's strengths in automotive, power, and industrial markets. The deal is expected to increase Onsemi's target market by $30 billion to $243 billion by 2030. Following the announcement, Onsemi shares fell nearly 10% in extended trading, while Synaptics shares rose more than 10%.
Yahoo Finance