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Onsemi’s $7B AI Bet and Market Doubt | Durham News
Onsemi just pulled off its biggest move ever—buying Synaptics for $7 billion in stock—with a bold vision to build “physical AI” that lets machines think and act like humans in real time. But investors aren’t buying it yet: shares plunged 21% after the announcement. While Synaptics shareholders get a 19% premium, Onsemi’s stock is already diluted. The deal merges Onsemi’s power chips and sensors with Synaptics’ AI-ready computing and wireless tech, aiming to capture a $243 billion market by 2030. Analysts are split—some see it as a smart diversification play, others worry Synaptics’ focus on…
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