ON Semi tanks 20% following Synaptics deal as CEO defends core business
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Source: CNBC
Published: 2026-06-27 01:39 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Economy & Finance, Financial Markets, Business & Economy, Technology
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Snippet:
ON Semiconductor CEO Hassane El-Khoury defended the company's core business as shares tanked 20% after announcing its largest acquisition to capitalize on physical artificial intelligence.
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