Onsemi shares slide on $7B Synaptics deal

Onsemi fell about 19% after announcing an all-stock acquisition of Synaptics valued at approximately $7 billion, signaling a major strategic transaction that investors are penalizing. Synaptics rose about 3% to roughly $130 on the deal news. The move is significant enough to affect both stocks and may influence broader semiconductor M&A sentiment.

Analysis

Onsemi fell about 19% after announcing an all-stock acquisition of Synaptics valued at approximately $7 billion, signaling a major strategic transaction that investors are penalizing. Synaptics rose about 3% to roughly $130 on the deal news. The move is significant enough to affect both stocks and may influence broader semiconductor M&A sentiment.