Onsemi to acquire Synaptics for $7b
Onsemi is acquiring Synaptics, a neural network, computing and human-machine interface company based in San Jose, in an all-stock transaction, representing a total enterprise value of approximately $7 billion.
Building on Onsemi’s expertise in automotive, industrial and AI data centre, the combination is intended to position Onsemi at the centre of 'Physical AI', with potential to expand Onsemi’s total addressable market by $30b to $243b by 2030.
“As artificial intelligence moves beyond the cloud and into the physical world, including automotive and industrial, the next phase of innovation will depend on systems that can sense, decide, act and adapt in real time,” said Hassane El-Khoury, president and CEO of Onsemi. “This shift towards Physical AI will require Power, Sense, Connected Compute and Control to work together seamlessly.'
Rahul Patel, Synaptics president and CEO said “Together with Onsemi, we will combine Synaptics’ strengths in AI-native compute, connectivity, and human-machine interface with Onsemi’s leadership in intelligent power and sensing to offer customers integrated solutions and development platforms across every layer of the Edge AI stack, deepening customer engagement and expanding across a greater total addressable market."
