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China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

Industries

Onsemi cuts Synaptics deal to $5.7B, and both stocks jump

A rival bid pushes the chipmakers to an all-cash $123/share structure, $1.3B cheaper than the original

News | 5 October 2026

Onsemi cuts Synaptics deal to $5.7B, and both stocks jump

An unsolicited competing offer ended with a lower-value, all-cash deal that investors on both sides liked.

onsemi amends its Synaptics takeover to an all-cash $123/share deal worth $5.7B, down from $7B, after a rival bid. Both stocks rallied.

Under the revised agreement, onsemi will acquire Synaptics for $123 per share in cash, about $5.7 billion in total, compared with roughly $7 billion before.

The amendment followed an unsolicited competing proposal from a third party. onsemi has fully committed debt financing from Morgan Stanley, and financing is not a closing condition. Synaptics rose 13% in early trading Friday and onsemi climbed nearly 6%. onsemi expects the deal to boost earnings immediately and strengthen its push into AI data centres, power and edge computing. Closing is targeted for mid-2027.