Onsemi to Acquire Synaptics in Nearly $7B All-Stock Deal Targeting Physical AI and Edge Intelligence

Power chipmaker Onsemi agreed to acquire Synaptics in a nearly $7B all-stock deal expected to close mid-2027, framing the combination as a bet on physical AI and edge intelligence. Onsemi shares dropped more than 9% while Synaptics jumped over 11% after hours on the announcement. The deal pairs Onsemi's power semiconductor and automotive silicon expertise with Synaptics' AI-at-the-edge processors deployed in IoT, industrial, and human-machine interface applications.