ON Semiconductor – The Chip Company is Reaching for Physical AI with a 7 Billion USD Acquisition
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ON Semiconductor acquires Synaptics for about 7 billion USD in stock to push into Physical AI – Synaptics jumps 11%, but ON stock falls around 9% as investors consider the price too high. The deal promises 200 million USD in synergies and a massive new market, but will not close until mid-2027. A Billion-Dollar Bet on Physical AI ON Semiconductor is digging deep to reinvent itself. The chipmaker is acquiring Internet of Things specialist Synaptics in an all-stock deal valuing the company at around 7 billion USD. Synaptics shareholders will...
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