Synaptics Incorporated agreed to be acquired by ON Semiconductor Corporation in an all-stock merger transaction on June 25, 2026, with Synaptics becoming an indirect wholly-owned subsidiary of ON Semiconductor. This strategic combination aims to enhance ON Semiconductor's market position and product portfolio through integration of Synaptics' technologies.

On June 25, 2026, Synaptics Incorporated entered into a Material Definitive Agreement, specifically an Agreement and Plan of Reorganization with ON Semiconductor Corporation and its wholly-owned subsidiary Sonic Acquisition Corp. The agreement outlines a merger in which Sonic Acquisition Corp. will merge with Synaptics, making Synaptics an indirect, wholly-owned subsidiary of ON Semiconductor. The merger's effective time is contingent upon the satisfaction of specific conditions outlined in the agreement, though financial amounts and full terms were not detailed in this report. This strategic move is aimed at enhancing ON Semiconductor's market position and product offerings by integrating Synaptics' technologies.

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Synaptics Incorporated

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