AcquisitionsJun 25, 2026, 04:16 PM
onsemi to Acquire Synaptics for $7B in All-Stock Deal
AI Summary
onsemi announced a definitive agreement to acquire Synaptics in an all-stock transaction valued at approximately $7 billion. This acquisition aims to accelerate onsemi's evolution into a leading provider of intelligent systems, expanding its capabilities beyond power and sensing into Physical AI. The combination is expected to increase onsemi's total addressable market by $30 billion to $243 billion by 2030, be accretive to non-GAAP EPS within 18 months, and generate $200 million in annual synergies.
Key Highlights
- onsemi to acquire Synaptics in an all-stock transaction for approximately $7 billion.
- Synaptics stockholders will receive 1.350 shares of onsemi common stock for each Synaptics share.
- The transaction represents an approximately 19% premium to Synaptics' VWAP.
- Synaptics stockholders are expected to own approximately 12% of the combined company.
- The acquisition is expected to increase onsemi's total addressable market by $30 billion to $243 billion by 2030.
- The transaction is expected to be accretive to non-GAAP EPS within 18 months of closing.
- Annual synergies of $200 million are expected from the combination.
- The transaction is expected to close in mid-2027, subject to regulatory and stockholder approvals.
Price Impact
More from ON