On June 26, Synaptics Incorporated rose 12.64% in after-hours trading, trading at $139.99/share, with turnover of $3.8171 million.

On the news front, onsemi announced it will acquire Synaptics in an all-stock transaction with an enterprise value of approximately $7 billion. Under the agreement, Synaptics shareholders will receive 1.35 onsemi shares for each Synaptics share, representing a roughly 19% premium. The deal is designed to expand onsemi's edge AI capabilities and accelerate its Physical AI strategy.

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. onsemi stated the transaction will increase its total addressable market by $30 billion to $243 billion by 2030. The deal is expected to close in mid-2027.

Synaptics Incorporated is a global leader in custom semiconductor solutions covering the IoT market, including smart devices, smartphones, tablets, and automotive applications.

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