Synaptics

Synaptics is a semiconductor and software company that develops chips and solutions for sensing, touch, and connectivity applications. The company serves markets including mobile devices, automotive systems, wearables, and Internet of Things products.

In a major industry transaction, chipmaker Onsemi agreed to acquire Synaptics in an all-stock deal valued at approximately $7 billion. Onsemi positioned the acquisition as part of a broader strategic push into "physical AI"—artificial intelligence technologies embedded directly in connected devices and physical systems rather than confined to centralized data centers. The deal reflects industry momentum around AI moving beyond cloud infrastructure into distributed consumer and industrial devices.