Accelerates onsemi’s evolution, building on its strength in power and sensing to become a leading provider of intelligent systems - expanding from AI data centers into Physical AIIncreases onsemi’s total addressable market by $30 billion to $243 billion by 2030Positions onsemi at the intersection of Power, Sense, Connected Compute and Control - the four pillars of Physical AI - which enable machines to sense, decide, act and adapt in the physical worldWould combine complementary portfolios to drive significant customer value and deepen customer engagements SCOTTSDALE, Ariz. & SAN JOSE, Calif., June 25, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) and Synaptics Incorporated (Nasdaq: SYNA) today announced they have entered into a definitive agreement under which onsemi has agreed to acquire Synaptics in an all-stock transaction, representing a total enterprise value of approximately $7 billion. The transaction value reflects a fixed exchange ratio of 1.350 shares of onsemi common stock for each Synaptics share and represents an approximately 19% premium to the volume weighted average closing prices of onsemi and Synaptics over the last 10 trading days.