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Explain this story: Onsemi revises Synaptics acquisition to all-cash deal as rival bid emerges
Onsemi is revising its previously announced agreement to acquire San Jose-based Synaptics, turning it into a $5.6 billion all-cash deal. This change comes after a rival bid emerged from an unspecified third party. The CEO of the Scottsdale-based company is optimistic that the reworked bid will be finalized by mid-2027.
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Onsemi is revising its previously announced agreement to acquire San Jose-based Synaptics, turning it into a $5.6 billion all-cash deal. This change comes after a rival bid emerged from an unspecified third party. The CEO of the Scottsdale-based company is optimistic that the reworked bid will be finalized by mid-2027.
Article tone: Positive This describes the words the journalist used. It is not a prediction, and not advice.
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Published Oct 2, 2026, 18:43 ET · on this site +2h 15m