On June 26, Synaptics Incorporated rose 9.86% overnight, trading at $138.0 USD/share, with turnover of $2,070.0.

On the news front, onsemi announced it will acquire Synaptics in an all-stock transaction with an enterprise value of approximately $7 billion, aiming to strengthen its position in Physical AI. Under the agreement, Synaptics shareholders will receive 1.35 shares of onsemi common stock for each Synaptics share held, representing a premium of approximately 19% over the prior trading price. The deal is expected to expand onsemi's total addressable market to $243 billion by 2030.

The acquisition is expected to be accretive to non-GAAP earnings per share within 18 months of closing and generate approximately $200 million in annual synergies. The transaction is anticipated to close in mid-2027. Upon completion, Synaptics will become a wholly-owned subsidiary of onsemi, and one Synaptics director will join the onsemi board. The deal accelerates onsemi's evolution from AI data centers into Physical AI, building on its existing strength in power and sensing solutions.

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