EL7.AI
Mergers & AcquisitionsMedium•25 June 2026•
1 min read

ON Semi to Acquire Synaptics in $7 Billion All-Stock Deal

Key Facts

1ON Semiconductor will acquire Synaptics in an all-stock transaction valued at $7 billion, expecting annual synergies of $200 million.

The semiconductor industry continues to consolidate as companies seek synergies and scale. ON Semiconductor announced it will acquire Synaptics in an all-stock transaction valued at $7 billion, with expected annual synergies of $200 million. The deal combines ON Semi's power management and sensor expertise with Synaptics' human interface technology.

At the close on June 23, 2026, ON shares traded at $117.06, with a high of $124.05 during the session, per market data. SYNA shares last closed at $140.89 on June 18. The price action reflects investor reaction to the deal and its strategic fit.

With the transaction structured as all-stock, investors should monitor the exchange ratio and ON's stock price performance. ON shares currently trade near $117, with key support at the recent low of $116.27. Completion is subject to regulatory approvals, and any updates on antitrust reviews could serve as catalysts.