Onsemi has agreed to acquire Synaptics in an all-stock deal valued at approximately $7 billion. This move is expected to expand Onsemi’s presence in the fast-growing market for AI-enabled devices.
Under the terms of the agreement, Synaptics shareholders will receive 1.350 shares of Onsemi common stock for each Synaptics share. This represents a 19% premium based on the 10-day volume-weighted average closing prices of both companies’ stocks.
Onsemi CEO Hassane El-Khoury stated that the transaction would add immediate connected compute capabilities, expand the company’s software and ecosystem reach, and position Onsemi to deliver greater value as customers increasingly seek intelligent systems.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
