ON Semiconductor Shares Jump After Revised Synaptics Merger Deal
ON Semiconductor shares rise more than 6% after revising its Synaptics acquisition to $123 per share, valuing the transaction at approximately $5.7 billion.
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ON Semiconductor targets $11B in revenue by 2030, driven by surging AI data center demand. Stock rises over 2% premarket.
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ON Semiconductor shares rise more than 6% after revising its Synaptics acquisition to $123 per share, valuing the transaction at approximately $5.7 billion.
Seaport Global analyst Jay Goldberg initiated coverage of ON Semiconductor with a Buy rating, citing improving semiconductor demand.
ON Semiconductor and Valens Semiconductor are collaborating on an integrated sensor built around MIPI A-PHY for 3-megapixel automotive cameras.
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