Onsemi to acquire Synaptics for $7 billion to expand into physical AI
NEW DELHI: Onsemi, an intelligent power and sensing semiconductor company, has agreed to acquire Synaptics in a $7 billion deal to strengthen its presence in the physical artificial intelligence (AI) and edge AI domains.
The transaction value represents an approximately 19% premium to the volume-weighted average closing prices of Onsemi and Synaptics over the last 10 trading days, according to a joint statement released on Thursday.
The transaction is expected to close in mid-2027, subject to approval by Synaptics stockholders, required regulatory approvals, and other customary conditions.
