onsemi to Acquire Synaptics to Enable the Next Generation of Intelligent Systems for Physical AI (opens original article in a new tab)

onsemi has agreed to acquire Synaptics in a $7 billion all-stock transaction to enhance its capabilities in Physical AI, expanding its market reach and integrating Synaptics' Edge AI and connectivity solutions.

• onsemi to acquire Synaptics in $7 billion all-stock transaction
• Transaction aims to expand onsemi's capabilities into Physical AI with Synaptics' Edge AI and connectivity solutions
• Combination is expected to increase onsemi's total addressable market by $30 billion to $243 billion by 2030