On Semiconductor announced its largest acquisition ever by buying Synaptics in an all-stock deal to expand into physical AI, increasing its addressable market by $30 billion to $243 billion by 2030. CEO Hassane El-Khoury emphasized the strategic fit and complementary nature of Synaptics' AI and wireless technology to On Semiconductor's core power and sensing components business. The acquisition will enhance On Semiconductor's Edge AI capabilities and open new markets like AI-centric compute platforms, with the deal expected to close by mid-2027 and generate $200 million in annual synergies within 18 months. Despite a 20% share drop following the announcement, the CEO reassured investors about the strength and growth of the company's core business and data center operations.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
