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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tech rout in Asia and Wall Street

The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on Nov. 21, 2025. Kazuhiro Nogi | AFP | Getty Images SoftBank Group plunged more than 12% on Friday, leading a broad selloff in Asian technology stocks, amid mounting concerns over the rising cost of artificial intelligence infrastructure.  The Japanese conglomerate led…

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Micron (MU) earnings report Q3 2026

Micron CEO Sanjay Mehrotra speaks at a groundbreaking ceremony for the company’s semiconductor manufacturing facility in Clay, New York, on Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron‘s revenue more than quadrupled in the fiscal third quarter, the company said on Wednesday, as the memory maker continued to benefit from soaring demand…

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