On Semiconductor's Synaptics Deal Adds $30B TAM

Dow Jones06-27 00:46

1246 ET - ON Semiconductor's acquisition of Synaptics will expand its total addressable market by $30 billion, Chief Executive Officer Hassane El-Khoury says in a CNBC interview, adding that it prepares the company to move beyond just supplying components for artificial-intelligence data centers and toward providing integrated systems for physical AI. Despite data centers remaining a growth market, El-Khoury says the market is heading toward autonomous vehicles, industrial robots, and humanoid robots. Synaptics supplies an "AI-centric compute platform" that supports these systems and complements ON Semiconductor's existing offerings, he says. Shares of ON Semicondcutor fall 23%. (elias.schisgall@wsj.com)

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June 26, 2026 12:46 ET (16:46 GMT)

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