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

June 25 (Reuters) - ON Semiconductor Corp said on Thursday it had agreed to ‌acquire Synaptics in an all-stock deal valued at about $7 ‌billion, its largest acquisition to date, as the chipmaker seeks to expand its ​presence in AI-enabled devices and so-called physical AI.

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What are the key terms of Onsemi's Synaptics acquisition?

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How will this acquisition expand Onsemi's physical AI capabilities?

Under the terms of the agreement, Synaptics shareholders will receive 1.350 shares of Onsemi common stock for each Synaptics share. The exchange ratio represents a 19% ‌premium based on the ⁠10-day volume-weighted average closing prices of the two companies' stocks.

The acquisition is aimed at accelerating growth ⁠in so-called physical AI, which refers to AI embedded in devices and machines. Synaptics' connected-computing platform complements Onsemi's strengths in automotive, power ​and industrial ​markets, Onsemi CEO Hassane El-Khoury ​told Reuters in an interview.

"What ‌Synaptics brings to us is this acceleration with a world-class connected compute platform that

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/onsemi-buy-synaptics-7-billion-202231775.html)