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ON Semiconductor Corporation
4 posts
Cirrus Logic’s Synaptics bid forced onsemi to rewrite a $5.7bn chip deal
Cirrus Logic’s previously undisclosed attempt to acquire Synaptics escalated into a semiconductor bidding contest that forced onsemi to abandon its original all-stock structure and offer $123 per share in cash. The battle exposes a larger strategic contest over edge artificial intelligence, connected devices and semiconductor diversification.
onsemi rewrites Synaptics deal to $5.7bn cash bid after rival proposal
The amended agreement removes stock consideration, gives Synaptics investors $123 per share and adds committed debt financing while preserving a mid-2027 closing target.
Onsemi agrees to sell two chip plants to cut costs as NASDAQ: ON stock retreats from 2026 rally
ON Semiconductor Corporation is selling manufacturing facilities in the Philippines and Pennsylvania as it reduces fixed costs, reallocates production and prepares for a major expansion into physical artificial intelligence through its proposed Synaptics acquisition.
ON Semiconductor falls 23% on $7bn Synaptics deal as dilution math collides with physical AI pivot
ON Semiconductor NASDAQ ON falls 23 percent on $7 billion all-stock Synaptics acquisition as dilution concerns and physical AI strategy questions rise.