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ON Semi Stock Tanks 20% After Synaptics Deal

ON Semiconductor's stock plummeted 20% following its deal with Synaptics, prompting the CEO to defend the company's core business strategy. The company stated that its pivot into physical AI expands its addressable market by an additional $30 billion.

26 Jun, 15:39 — 26 Jun, 15:39
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cnbcMostly Factual52d ago

ON Semi tanks 20% following Synaptics deal as CEO defends core business

The pivot into physical AI grows On Semi's addressable market by an additional $30 billion, the company said.

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