onsemi revises Synaptics merger agreement to deliver higher shareholder value
onsemi will acquire Synaptics for $5.7 billion in cash, expected to be immediately accretive to non-GAAP EPS by mid-2027.
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Semiconductor manufacturer of power and sensing technologies
onsemi.comLast updated
In short: onsemi reported Q2 results, restructured its Synaptics deal to all cash, and unveiled AI power growth strategy.
onsemi will acquire Synaptics for $5.7 billion in cash, expected to be immediately accretive to non-GAAP EPS by mid-2027.
onsemi presents its role in powering AI data centers and outlines risks associated with the proposed business combination with Synaptics.
Revenue rose 9% year over year to $1.604 billion, while non-GAAP diluted EPS reached $0.74. The company forecast third-quarter revenue of $1.65–$1.75 billion.
The all-stock deal adds Edge AI compute and connectivity, expanding into Physical AI.
Semiconductor maker Onsemi is discussing a roughly $1 billion acquisition of 16-year-old chip startup Ferric, according to people familiar with the matter.
Analysis: The most likely catalyst is investor approval of onsemi’s revised agreement to acquire Synaptics. The updated ...
Cirrus Logic made an unsolicited bid for Synaptics, pushing Onsemi to switch its takeover to $123 a share in cash, Bloomberg reports.
Synaptics shares surged after onsemi agreed to acquire the chipmaker for about $5.7 billion in cash, replacing an earlier all-stock deal amid interest from an...
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