ON Semiconductor Acquires Synaptics for $7 Billion – Physical AI Offers a $243 Billion Potential by 2030

onsemi acquires Synaptics for $7 billion to strategically reposition itself in the Edge and Physical AI market. Market potential is expected to grow to $243 billion by 2030. Cooperations with NIO and Geely for 900V electric vehicles have been expanded. The business with AI data centers is accelerating and is expected to double to over $500 million by fiscal year 2026. The first quarter marks a turning point with a return to growth.   ON Semiconductor (ON) focuses on automotive and industrial applications with power supply solutions...