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Onsemi shares slide on $7B Synaptics deal
Key takeaways
- Shares of Synaptics added about 3% to about $130 on the news.
- Onsemi said the acquisition would expand its focus beyond power and sensing technologies into intelligent systems and edge artificial intelligence applications.
- Synaptics brings its Astra Edge AI platform, wireless connectivity technologies and human-machine interface products to the combined business.
Onsemi shares slide on $7B Synaptics deal Proactive Fri, June 26, 2026 at 9:05 PM GMT+7 1 min read ON SYNA Onsemi shares slide on $7B Synaptics deal Proactive uses images sourced from Shutterstock Onsemi (NASDAQ:ON) shares fell about 19% on Thursday after the semiconductor company announced an agreement to acquire Synaptics (NASDAQ: SYNA) in an all-stock transaction valued at approximately $7 billion.
Shares of Synaptics added about 3% to about $130 on the news.
Under the terms of the deal, Synaptics shareholders will receive 1.35 shares of Onsemi (NASDAQ:ON) common stock for each Synaptics share they own, representing an approximately 19% premium to the companies' respective 10-day volume-weighted average closing prices.
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