On Semiconductor strikes $7 billion deal for Synaptics in physical AI push
AI Summary
On Semiconductor announced a $7 billion deal to acquire Synaptics to advance its physical AI technology capabilities. This acquisition expands On Semiconductor's total addressable market significantly, projecting growth to $243 billion by 2030.
On Semiconductor said the deal bumps up its total addressable market by $30 billion to $243 billion by 2030.