US chipmaker Onsemi has agreed to acquire Synaptics, a semiconductor specialist for smart devices, in an all-stock transaction valued at approximately $6.2 billion.
The acquisition combines Onsemi's broad semiconductor portfolio with Synaptics' expertise in touch controllers, display drivers, and connectivity solutions for smartphones, laptops, and IoT devices.
Onsemi, which produces power management and analog semiconductors, expands its reach into consumer electronics through the deal. Synaptics has established relationships with major device manufacturers and brings complementary technologies to Onsemi's existing product lines.
The all-stock structure means Synaptics shareholders will receive Onsemi shares rather than cash. The transaction is expected to close in 2025, pending regulatory approval and customary closing conditions.
The deal reflects ongoing consolidation in the semiconductor industry as companies seek to build broader product portfolios and strengthen their competitive positions amid demand for chips across consumer, automotive, and industrial markets.
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