Synaptics, a privately owned company headquartered in the United States, was founded in 1986. It employs approximately 1700 individuals and reported $1.2B in revenue as of 2026. Specializing in semiconductor manufacturing, the company provides human interface hardware and software products in touch, display, and biometrics, with its offerings encompassing a generation of connectivity and AI-enhanced video, vision, audio, speech, and security processing.
On October 5, 2026, Onsemi confirmed it replaced its proposed all-stock merger with Synaptics with a $123-per-share cash deal, valuing the transaction at approximately $5.7 billion. The revised agreement, announced October 1, followed an unsolicited rival proposal that prompted a review by Synaptics’ board, with the acquisition pending and expected to close by mid-2027. Previously, on October 4, 2026, Halper Sadeh LLC launched an investigation into whether Synaptics, alongside CBNK and SSTI, are securing fair deals for their shareholders in proposed transactions, citing concerns that insiders might receive substantial financial benefits unavailable to ordinary shareholders and that terms could limit superior competing offers.
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