Onsemi Goes All-In on Physical AI With Synaptics Deal – Merger Arbitrage Mondays
Synaptics Incorporated (SYNA): $121
Market Cap: $4.68B
Deal Value: $7B
U.S. chipmaker ON Semiconductor Corporation (ON) entered a merger agreement on June 25, 2026, to acquire Synaptics in a deal valued at $7 billion. The transaction is Onsemi’s largest acquisition to date and is intended to deepen its presence in AI-enabled devices and so-called “physical…
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