ON Semiconductor agreed to acquire Synaptics in a nearly $7 billion all-stock transaction that accelerates its physical AI expansion and lifts its total addressable market to $243 billion by 2030. The deal, the company's largest to date, is slated to close in mid-2027 amid a surge in AI-related buyouts industrywide.
The deal accelerates ON Semi's push into physical AI.
Technology companies are hitting acquisition mode in a race to strengthen AI capabilities.
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The Trump administration has reportedly asked OpenAI to stagger the release of GPT-5.6 in limited preview form to select enterprise customers, with the government approving access on a case-by-case basis. The move is described as more favorable than the export-control directive imposed on Anthropic earlier this month and highlights uneven federal oversight of frontier AI models.
Zoox unveiled an updated version of its purpose-built robotaxi with lighter interior colors, refined seating, improved visibility features, and enhanced audio capabilities based on rider feedback from half a million rides. The changes aim to deliver greater comfort and simplicity while the Amazon-backed company advances its fully driverless ride-hailing service.
The US Department of Commerce has refused Polestar the authorization required to sell new cars past the 2027 model year under the Connected Vehicle Rule. The move effectively ends the Geely-owned brand's presence in the American market while its European growth strategy continues.
