TechMeme June 25, 2026
Chipmaker Onsemi agrees to buy Synaptics in a nearly $7B all-stock deal expected to close in the middle of 2027; ON drops 9%+ and SYNA jumps 11%+ after hours (Samantha Subin/CNBC)
On Semiconductor is buying Synaptics in a nearly $7 billion all-stock deal. The acquisition aims to bolster On Semiconductor's push into physical artificial intelligence technology. On Semiconductor's stock drops 9% while Synaptics' jumps 11%.