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21:19
Synaptics Incorporated shares surged 12.6% in after-hours trading, closing at $141 per share.
Previously, ON Semiconductor announced that it had reached an agreement to acquire Synaptics in an all-cash transaction valued at approximately $7 billion. This deal is expected to significantly enhance ON Semiconductor's portfolio of analog and sensing solutions in the automotive and industrial semiconductor markets. Market analysts believe the acquisition premium is notable, reflecting Synaptics' core technology and market positioning value in the human-machine interface solutions field. Upon completion of the transaction, Synaptics will become a wholly owned subsidiary of ON Semiconductor.
21:19
Report: OpenAI is inclined to wait until 2027 for its IPO
Bankers advising on OpenAI’s IPO have warned that recent volatility in tech stocks and post-listing fluctuations in SpaceX’s share price could weaken retail investors’ enthusiasm for OpenAI’s stock offering. OpenAI CEO Sam Altman has urged advisers, including bankers and lawyers, to set the valuation target at 1 trillion dollars. Expand
21:15
Solana’s daily trading volume of tokenized stocks on-chain reaches 553 million dollars
The tokenized stocks on the Solana chain reached a daily trading volume of 553 million US dollars yesterday, setting a new all-time high. (Cointelegraph)
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