Finance
onsemi: Chasing AI Opportunities With Synaptics
onsemi has announced an all-stock acquisition of Synaptics valued at $7 billion, aiming to expand its capabilities in Edge AI and physical AI.
onsemi has announced an all-stock acquisition of Synaptics valued at $7 billion, aiming to expand its capabilities in Edge AI and physical AI. The transaction has triggered a sharp decline in onsemi's share price. Pro forma, Synaptics is expected to contribute 17% to onsemi's sales, with combined operating margins at 22% and leverage at 0.6x, while targeting $200 million in annual synergies.
By the numbers
- $7B
- Value of the all-stock acquisition deal
- $200M
- Targeted annual synergies from the acquisition
- 17%
- Synaptics' pro forma sales contribution to ON
- 22%
- Combined pro forma operating margins
- 0.6x
- Combined pro forma leverage ratio
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