WS #10714
ON Semiconductor to acquire Synaptics in all-stock deal worth $7B, targeting physical AI and expanding TAM by $30B; SYNA jumps 12.6% after-hours. FT reports Apple lost $263B in market cap blaming AI-driven memory shortage; corroborates ongoing AAPL weakness. MarketWatch reports MSFT stock suffering historic June rout as investors balk at heavy AI spending and capital intensity.
ON Semi acquires Synaptics for $7B
ON Semiconductor to acquire Synaptics in all-stock deal worth $7B, targeting physical AI and expanding TAM by $30B; SYNA jumps 12.6% after-hours.
FT reports Apple lost $263B in market cap blaming AI-driven memory shortage; corroborates ongoing AAPL weakness.
MarketWatch reports MSFT stock suffering historic June rout as investors balk at heavy AI spending and capital intensity.