The arrival of Nvidia's Vera Rubin processors could give the stock a much-needed boost in the second half of 2026.

The government announced on the 29th a blueprint to develop the Honam region as a “second semiconductor production base” following the capital region, aiming to build four memory factories through corporate investments totaling 800 trillion Korean won.

Shares of ON Semiconductor (NASDAQ:ON | ON Price Prediction) are down 20% in early Friday trading, sliding to $95 after the chipmaker unveiled an all-stock acquisition of Synaptics (NASDAQ:SYNA). The drop erases a meaningful slice of ON stock’s recent rally.

AI computing places considerable demands on data centers. This company is helping to address the problem -- and investors are taking note.

ON Semiconductor is buying Synaptics for nearly $7 billion in its largest acquisition ever. The deal accelerates ON Semi's push into physical AI. Technology companies are hitting acquisition mode in a race to strengthen AI capabilities.

Silicon chips have powered computing for half a century. Increasingly, they are also becoming platforms to read and manipulate biology at scale—recording from many neurons, reading many DNA sequences and now synthesizing DNA.

The company's acquisition announcement weighed on the stock today.

The pivot into physical AI grows On Semi's addressable market by an additional $30 billion, the company said.

Microchip stocks tumbled on Tuesday, but a look at similar one-day downturns in the semiconductor sector shows such declines are often fleeting.

AI infrastructure stocks experienced a sell-off after a report said OpenAI was considering delaying its IPO.

On the 29th, the government announced an investment plan for semiconductors, physical artificial intelligence (AI), and AI data centers, including the establishment of a semiconductor factory worth 800 trillion Korean won in Honam.