WS #10715
ON Semiconductor acquires Synaptics in a $7B all-stock deal to accelerate physical AI, expanding TAM by $30B; SYNA up ~12.6% after-hours, ON gives up gains. OpenAI reportedly leaning toward waiting until 2027 for IPO, per Bloomberg/NYT. Apple loses $263B in market cap due to AI-driven memory shortage costs, per FT.
ON Semi acquires Synaptics for $7B in physical AI push
ON Semiconductor acquires Synaptics in a $7B all-stock deal to accelerate physical AI, expanding TAM by $30B; SYNA up ~12.6% after-hours, ON gives up gains.
OpenAI reportedly leaning toward waiting until 2027 for IPO, per Bloomberg/NYT.
Apple loses $263B in market cap due to AI-driven memory shortage costs, per FT.