onsemi Faces Integration Risk Amid Synaptics Deal Renegotiation
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What happened
Jim Cramer rated onsemi as a laggard stock following the renegotiation of the Synaptics acquisition. On October 13, 2026, reports noted that onsemi faces integration risk related to the Synaptics deal. Despite this, onsemi reported second-quarter 2026 revenue of approximately $1.60 billion, which exceeded estimates.
Why it matters
The acquisition of Synaptics for $7 billion is a major strategic move for onsemi. Analysts are considering the stock's recovery potential, citing growing demand from AI infrastructure and management's projection that AI data center revenue will more than double in 2026.
onsemi is planning to acquire Synaptics for $7 billion, and a Synaptics board member has joined the onsemi board.
From insidermonkey.com
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How it developed
Newest first. Tap a step to see who reported it.ON Semiconductor faces integration risk related to the Synaptics deal.1 source
Cramer rates ON as a laggard stock amid Synaptics deal renegotiation.1 source