1247 ET - ON Semiconductor's plan to acquire Synaptics in an all-stock deal valued around $7 billion represents a strategic pivot that "leaves us scratching our head," Truist analysts write in a note. They had previously seen the company as focused on increasing its exposure to the artificial-intelligence data-center industry, but this move signals a shift toward providing integrated edge AI systems. "While we see the potential for this combination to achieve accelerated sales growth (by cross-selling and levering channel scale & scope) and higher margins (through elimination of overlapping expenses and some manufacturing integration), it still feels like a pivot away from Datacenter," the analysts write. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
June 26, 2026 12:47 ET (16:47 GMT)
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