MergerAug 10, 2026, 05:33 PM
Synaptics to Merge with onsemi; Shareholders Get 1.350 onsemi Shares
AI Summary
Synaptics Inc. announced an agreement to merge with ON Semiconductor Corporation (onsemi), where Synaptics will become a wholly-owned subsidiary of onsemi. Under the terms, each Synaptics share will convert into 1.350 shares of onsemi common stock. The transaction, unanimously approved by Synaptics' Board, is anticipated to close in mid-2027, subject to stockholder and regulatory approvals. The company also highlighted its January 2025 acquisition of Broadcom's Wi-Fi technology assets to accelerate its Edge AI strategy.
Key Highlights
- Merger Agreement with ON Semiconductor Corporation (onsemi) signed June 25, 2026.
- Each Synaptics share to convert into 1.350 shares of onsemi common stock.
- Merger expected to close in mid-2027, pending approvals.
- Acquired Broadcom Wi-Fi technology assets in January 2025.
- Held 2,344 active patents and 661 pending patent applications as of June 2026.
- Employed approximately 1,700 employees globally as of June 2026.
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