Semiconductor and industrial-software consolidation resets M&A economics

Onsemi and Synaptics revised their merger to approximately $5.7 billion in cash while retaining expected immediate EPS accretion and more than $200 million in synergies. AMD's approximately $8.2 billion all-stock World Labs acquisition remains subject to regulatory approval, while Schneider Electric's proposed $23.7 billion PTC acquisition adds a major industrial-software transaction.