Synaptics Acquisition by Onsemi Affirms Edge AI Is for Real

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Jun. 29, 2026 –

Here is why a power and sensing specialist has snapped AI-native compute assets to foray into the physical AI world.

By Majeed Ahmad, EE Times

Hassane El-Khoury does it again, though his role in the interplay among power, sensing, computing, and connectivity has reversed this time around. In 2019, as the newly appointed CEO of Cypress Semiconductor, he spearheaded the sale of his company to power and sensing player Infineon. As a result, the German chipmaker deepened its presence in compute and wireless connectivity designs.

Fast forward to 2026, El-Khoury takes onsemi, a supplier of power, sensing, and control semiconductors, to foray into the compute and connectivity worlds by snapping up Synaptics in an all-stock deal valued at approximately $7 billion. However, besides compute and connectivity, there is an AI touch all over this deal.

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