onsemi has announced its agreement to acquire Synaptics for approximately $7 billion, signaling a significant expansion into "Physical AI" systems. This acquisition is part of onsemi's strategic initiative to enhance its capabilities by integrating Synaptics’ Edge AI compute solutions, which will help onsemi address broader end markets including automotive and industrial sectors. The transaction is expected to position onsemi at the intersection of power, sensing, connected computing, and control—key elements necessary for real-time intelligent system applications. The deal endeavors to increase onsemi's total addressable market and leverage synergies between the two companies to drive value for a range of intelligent system applications.

• ON Semiconductor (NasdaqGS:ON) last closed at $118.74 up 2.6%.

Elsewhere in the market, Shenyang Fortune Precision Equipment (SHSE:688409) was a notable mover up 20% and closing at CN¥274.80. In the meantime, Shanghai Biren Technology (SEHK:6082) trailed, down 16.2% to end the day at HK$57.00.

Best AI Chip Stocks

• Micron Technology (NasdaqGS:MU) closed at $1,213.56 up 15.7%, not far from its 52-week high. On Wednesday, Micron reported a substantial increase in quarterly earnings and revenue, with guidance indicating continued growth.
• Broadcom (NasdaqGS:AVGO) finished trading at $378.91 down 0.8%. On Wednesday, the company unveiled Jalapeño, a new AI accelerator developed in collaboration with OpenAI to enhance AI model performance and scalability.
• NVIDIA (NasdaqGS:NVDA) closed at $195.74 down 1.6%. On Friday, Jamendo filed a lawsuit against NVIDIA for alleged copyright infringement involving AI technologies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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