ON Semiconductor CEO Hassane El-Khoury defended the company's core business as shares tanked 20% after announcing its largest acquisition to capitalize on physical artificial intelligence. The maker of power and sensing components for the automotive industry on Thursday announced plans to buy edge AI and wireless connectivity solutions company Synaptics in an all-stock deal. The pivot into physical AI grows its addressable market by an additional $30 billion, or $243 billion, by 2030, On Semiconductor said ...

Why did ON Semiconductor stock plunge 21% after its $7B Synaptics acquisition? Why did ON Semiconductor stock plunge 21% after its $7B Synaptics acquisition? Stock market AI Sentiment: 25/100 Bearish This score is generated through AI-driven analysis of the article's content. Author Vatsala Gaur Vatsala G. Jun 26, 2026, 10:44 AM Generate Trading Ideas Generating powered by ON Semiconductor (ON) Buy ON. The 19% drop prices in worst-case integration and "no near-term earnings†fears, but the deal is all-stoc ...