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

Tech CNBC By CNBC 26 Jun 2026 15:39 1 min read
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.

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

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