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On Semiconductor strikes $7 billion deal for Synaptics in physical AI push

On Semiconductor has agreed to buy Synaptics in a nearly $7 billion all-stock deal to bolster its push into physical artificial intelligence technology.The Arizona-based company said the deal will give its total addressable market a $30 billion boost to $243 billion by 2030 and strengthen its intelligence systems portfolio. It's also the company's largest deal to date. Shares of On Semi fell about 6% after the bell, while Synaptics rallied about 13%."This transaction would add immediate connecte...

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