ON Semiconductor to Acquire Synaptic in an All-Stock Deal
ON Semiconductor will acquire Synaptics in a $7 billion all-stock transaction, which will be its largest investment. The funding comes as semiconductor and proprietary technology shift towards acquisitions to bolster their artificial intelligence abilities. Unlike other artificial intelligence deals that involved monetary exchanges, ON Semiconductor plans to fund the takeover through share issuance. This portrays that it could be a strategic alternative to preserve cash assets while extending its exposure to connected compute and tangible artificial intelligence technologies. What is the ON Semiconductor- Synaptics Deal? Under the alliance, Synaptics stakeholders will receive 1.350 shares of ON Semiconductor for each Synaptics […]














