ON Semiconductor's Acquisition of Synaptics Advances with Early HSR Act Approval

ON Semiconductor announced it has received early termination of the Hart-Scott-Rodino (HSR) Act waiting period from the Federal Trade Commission (FTC) for its planned acquisition of Synaptics Incorporated. This decision removes a key U.S. antitrust regulatory hurdle, allowing the transaction to move forward.

Key Details

• Regulatory Milestone: The FTC granted early termination of the waiting period under the HSR Act on August 12, 2026.
• Transaction: The event relates to the previously announced merger agreement from June 25, 2026, where onsemi will acquire Synaptics.
• Next Steps: The merger closing remains subject to other conditions, including approval by Synaptics stockholders and receipt of other regulatory approvals.
• Expected Timeline: The parties continue to expect the acquisition to close in mid-2027.