{"slug": "on-semiconductor-buys-synaptics-stock-drops-20", "title": "ON Semiconductor Buys Synaptics, Stock Drops 20%", "summary": "ON Semiconductor announced an all-stock acquisition of Synaptics for about $7 billion, expanding its push into physical AI. The deal adds $30 billion to ON Semiconductor's addressable market, but its stock fell 20% after the announcement.", "body_md": "CNBC reports **ON Semiconductor** announced an all-stock acquisition of **Synaptics**, broadening its push into physical AI. CNBC reports the company said the deal increases its addressable market by an additional **$30 billion**, to **$243 billion by 2030**, and that the transaction is expected to close in **mid-2027**. CNBC quotes CEO Hassane El-Khoury saying the acquisition is \"complementary to everything we have done on a very strong foundation,\" and that the deal opens new markets including an AI-centric compute platform. CNBC reports ON Semiconductor expects to generate **$200 million** in annual synergies within 18 months. Market reaction was sharp: CNBC reports the stock fell about **20%** after the announcement. Stocktitan reports the transaction values Synaptics at roughly **$7 billion** with an exchange ratio of **1.350 ON shares per SYNA share**, about a **19% premium**.", "url": "https://wpnews.pro/news/on-semiconductor-buys-synaptics-stock-drops-20", "canonical_source": "https://letsdatascience.com/news/on-semiconductor-buys-synaptics-stock-drops-20-06c33cfe", "published_at": "2026-06-26 15:39:01+00:00", "updated_at": "2026-06-26 16:39:21.549202+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-products", "ai-infrastructure", "ai-startups"], "entities": ["ON Semiconductor", "Synaptics", "Hassane El-Khoury"], "alternates": {"html": "https://wpnews.pro/news/on-semiconductor-buys-synaptics-stock-drops-20", "markdown": "https://wpnews.pro/news/on-semiconductor-buys-synaptics-stock-drops-20.md", "text": "https://wpnews.pro/news/on-semiconductor-buys-synaptics-stock-drops-20.txt", "jsonld": "https://wpnews.pro/news/on-semiconductor-buys-synaptics-stock-drops-20.jsonld"}}