ON Semiconductor to Buy Synaptics in All-Stock Deal with $7 Billion Enterprise Value

June 25 : Onsemi said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion, potentially broadening the chipmaker's presence in the…

Onsemi will acquire Synaptics in an all-stock transaction worth $7 billion. The companies expect annual synergies of $200 million.

On Semiconductor said the deal bumps up its total addressable market by $30 billion to $243 billion by 2030.

ON Semiconductor to Buy Synaptics in All-Stock Deal with $7 Billion Enterprise Value

ON Semiconductor to Buy Synaptics in All-Stock Deal with $7 Billion Enterprise Value

ON Semiconductor stock drops while Synaptics jumps after announcing a massive $7B all-stock acquisition deal. Read the latest.

ON Semi to acquire Synaptics in all-stock deal, expanding capabilities in AI and edge-based applications. Analysts downgrade stock after deal.

The pivot into physical AI grows On Semi's addressable market by an additional $30 billion, the company said.

While changing directions of both companies.