ON Semiconductor to buy Synaptics in roughly $7 billion all-stock deal

ON Semiconductor has announced an all-stock acquisition of Synaptics valued at about $7 billion, a deal the company says would be the largest takeover in its history. The transaction is aimed at combining Synaptics' strengths in edge AI computing, human-machine interface technologies and connectivity with ON Semiconductor's existing business. Under the terms disclosed, each Synaptics share would be exchanged for 1.35 shares of ON Semiconductor stock. The offer represents an approximate 19% premium to Synaptics' 10-day average price. The companies expect the transaction to close in mid-2027. After the announcement, the company's share price fell by 6% to 22%, reflecting market concerns over dilution and execution risk tied to integration. The item was cited by CryptoBriefing and republished in brief by Techub.