Tech
Saturday, 6/27, 09:44 AM
Onsemi Suffers Worst Day Since 2020 After $7 Billion Synaptics Deal Rattles Investors
- ON Semiconductor fell about 22% on June 26 — its worst single day since 2020 — after agreeing to buy Synaptics in a $7 billion all-stock deal that investors fear dilutes their holdings and pulls the chipmaker away from its focus.