Synaptics, a privately owned company headquartered in the US, was founded in 1986 and employs approximately 1,770 individuals. The company specializes in semiconductor manufacturing, providing human interface hardware and software products. These products focus on areas such as touch, display, and biometrics, and integrate connectivity and AI-enhanced video, vision, audio, speech, and security processing capabilities.
Bank of America indicated on July 9, 2026, that Onsemi's proposed acquisition of Synaptics could yield long-term strategic benefits, with analysts reporting increased confidence in the transaction's rationale and potential synergies after meeting with management. They noted Synaptics would add complementary compute assets to Onsemi's existing strengths in power sensing and control, supporting Onsemi's ambition for a complete edge AI portfolio. This follows Onsemi's agreement on June 25 to acquire chipmaker Synaptics in an all-stock transaction valued at approximately $7 billion, a move Onsemi stated would expand its reach into physical artificial intelligence. Previously, on July 7, Pomerantz LLP announced an investigation into ON Semiconductor Corporation for potential securities fraud following the acquisition announcement, which offers Synaptics shareholders 1.35 ON Semiconductor shares each. Earlier, on July 5, The Schall Law Firm also announced an investigation into Onsemi for potential violations of securities laws.
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