Analog chipmaker Onsemi buys Synaptics in $7B all-stock deal to push into physical AI

Onsemi, an Arizona-based chipmaker, has announced its acquisition of Synaptics Inc. for about $7 billion in an all-stock deal. This move aims to propel Onsemi into the realm of "physical AI," integrating AI capabilities directly into physical devices rather than relying on cloud-based systems. The acquisition is expected to bolster Onsemi's presence in the internet of things and computer interface technology, offering a significant strategic shift. This merger could reshape how companies develop and deploy AI, making it more accessible and efficient for everyday devices.