ON Semiconductor Corporation entered into a Merger Agreement with Synaptics Incorporated to acquire it via a merger with a wholly owned subsidiary. Synaptics stockholders will receive 1.350 shares of onsemi Common Stock for each share of Synaptics Common Stock, resulting in Synaptics equityholders owning approximately 12% of the combined company. The transaction is expected to close in mid-2027. ON Semiconductor Corporation is a semiconductor manufacturer.