Cheaper despite competing offers – onsemi builds the next AI growth story with Synaptics

onsemi sweetens the Synaptics deal: Instead of the previous stock deal, the company will pay 123 USD per share in cash. The total value still decreases from around 7 to 5.7 billion USD. Synaptics enhances onsemi with computing power and connectivity for Physical AI. The addressable market is expected to increase by 30 to 243 billion USD by 2030. The AI data center business is growing rapidly: by 2030, onsemi expects more than 50% annual growth, reaching over 2.5 billion USD in revenue.   On Semiconductor (ON) has renegotiated its planned...