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Onsemi Acquisition Seen Diluting Its Data Center Focus
Onsemi (ON) stock fell Friday after the chipmaker announced a deal to buy Synaptics (SYNA) in an all-stock transaction worth $7 billion. Some analysts questioned the rationale for the acquisition. The acquisition will combine Onsemi's power and sensing chip technologies with Synaptics' human-machine interface and wireless connectivity solutions. The transaction is expected to close in mid-2027. In morning trades on…
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