Semiconductor supplier company Onsemi announced June 25 that it acquired chipmaker Synaptics in a $7 billion all-stock deal—its largest acquisition to date.
Synpactis shareholders will receive 1.35 shares of Onsemi common stock for every Synaptics share—a 19 percent premium to the 10-day volume-weighted average closing price of the two companies’ stocks.
“The next phase of innovation will depend on systems that can sense, decide, act and adapt in real time,” said Hassane El-Khoury, president and CEO of Onsemi. “This shift towards Physical AI will require Power, Sense, Connected Compute and Control to work together seamlessly. The addition of Synaptics helps position Onsemi at the intersection of these four pillars.”…