Onsemi to acquire Synaptics in $7 billion all-stock deal

Key Facts

1Chip company Onsemi agreed to acquire Synaptics in an all-stock deal valued at about $7 billion.

In a sign of ongoing consolidation in the global semiconductor industry, chipmaker Onsemi (ON) has agreed to acquire Synaptics in an all-stock deal valued at approximately $7 billion. The move comes as the sector faces intensifying competition and growing demand for chips powering electric vehicles and IoT applications.

Onsemi shares closed at $117.06 on June 23, 2026, after reaching an intraday high of $124.05. The deal reflects the company's push to expand its product portfolio into advanced computing and wireless communications, with expectations of revenue synergies post-completion.

Investors will focus on the financing terms, regulatory approvals from U.S. authorities, and the timeline for closing. The market will also watch Onsemi’s share price reaction in the coming sessions as it navigates potential dilution from the stock issuance.