onsemi to Acquire Synaptics for $7B, Boosts TAM by $30B
ON•onsemi will acquire Synaptics in an all-stock deal valued at $7 billion, issuing 1.35 onsemi shares per Synaptics share for a 19% premium and granting Synaptics investors 12% of the combined company. The transaction will expand total addressable market by $30 billion by 2030 and yield $200 million in annual synergies.
1. Acquisition Terms
onsemi will acquire Synaptics in an all-stock deal valued at $7 billion, issuing 1.35 onsemi shares per Synaptics share for a 19% premium and granting Synaptics investors 12% ownership in the combined company on a fully diluted basis.
2. Strategic Rationale
The acquisition integrates Synaptics’ edge AI processors, wireless connectivity and human-machine interface technologies with onsemi’s power management and sensing solutions, positioning the combined firm to deliver complete intelligent systems for autonomous vehicles, robotics and AR/VR applications.
3. Financial Impact
The combined company expects to expand its total addressable market by $30 billion to an estimated $243 billion by 2030, generate approximately $200 million in annual synergies and become accretive to non-GAAP earnings per share within 18 months of closing.
4. Closing Timeline
The transaction has unanimous board approval and is projected to close in mid-2027, subject to Synaptics shareholder approval, regulatory clearances and customary closing conditions, while both companies maintain their current quarterly financial outlooks.
