https://www.live-feeds.com/feed/on-semi-tanks-24-following-synaptics-deal-as-ceo-defends-core-businessContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/on-semi-tanks-24-following-synaptics-deal-as-ceo-defends-core-businesshttps://www.live-feeds.com/feed/on-semi-tanks-24-following-synaptics-deal-as-ceo-defends-core-business#u20763Thu, 02 Jul 2026 00:56:11 +0000ON Semiconductor shares fell nearly 24% following the announcement of an all-stock deal to buy Synaptics. The acquisition aims to move the company into the edge AI and wireless connectivity market. CEO Hassane El-Khoury defended the company's core business amid the stock plunge.What's confirmed:ON Semiconductor is acquiring Synaptics in an all-stock deal valued at $7 billion.The company's stock price dropped nearly 24% following the announcement.The acquisition is intended to expand ON Semiconductor into the edge AI market.CEO Hassane El-Khoury defended the company's core busine