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Onsemi agreed to acquire Synaptics in a $7 billion all-stock deal announced June 25, 2026, combining its power and sensing silicon with Synaptics' edge-AI processors and wireless connectivity in an explicit bet on inference workloads outside the data center. The deal, set to close mid-2027, targets $200 million in annual synergies and expands onsemi's addressable market to $243 billion by 2030, though onsemi shares fell 9% after-hours as investors weighed dilution and execution risk.