Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are headed for a positive finish on Friday, but it’s been a tough week for stocks overall. While the healthcare, energy and materials sectors posted…
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…
On Semiconductor has agreed to buy Synaptics in a nearly $7 billion all-stock deal to bolster its push into physical artificial intelligence technology. The Arizona-based company said the deal will give its total addressable market a $30 billion boost to $243 billion by 2030 and strengthen its intelligence systems portfolio. It’s also the company’s largest…
The Clicks Communicater smartphone on display. Startup Clicks Technology makes a Blackberry phone. Clicks When Apple launched the iPhone in 2007, physical keyboards quickly lost ground to touchscreens and faded from mainstream smartphones. Now, a new wave of startups, including U.K.-based Clicks Technology and Chinese firm Unihertz, is bringing them back and carving out a…
