ON Semiconductor stock tanks 24% following Synaptics deal

ON Semiconductor CEO Hassane El-Khoury defended the company’s core business as shares tanked 24% and headed for their worst day since March 2020, after announcing its largest acquisition ever. The maker of power and sensing components for the automotive industry on Thursday announced plans to buy edge AI and wireless connectivity solutions company Synaptics in…

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SpaceX investors grapple with volatility amid big swings

This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Rollercoaster. That’s probably the most accurate word to describe SpaceX’s opening two weeks as a public company.  The stock surged for several successive days following a record-breaking IPO, briefly overtaking both Amazon and Microsoft in terms of market…

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