Onsemi plans to acquire Synaptics for $5.7 billion in cash with revised transaction terms.

onsemi has revised the terms of its acquisition of Synaptics Inc., and will now pay approximately $5.7 billion in cash instead of the previous $7.0 billion in stock. onsemi will pay $123 per share, and the company expects the transaction to be immediately accretive to earnings while providing “value certainty” to Synaptics shareholders. The merger is expected to be completed by mid-2027, subject to approval by Synaptics investors and regulatory review.