ON semiconductor to buy Synaptics in $7 billion deal, joins "Edge AI" market

Semiconductor technology firm, Onsemi, will acquire chipmaker Synaptics in an all-stock transaction valued at about $7 billion, both companies announced on Wednesday. This combination of power semiconductors with edge computing will position the merger at the center of what both companies have referred to as “Physical AI.” Under the agreement, Synaptics shareholders will receive 1.350...