ON Semiconductor (ON 101.76, -16.98, -14.3%) agreed to acquire Synaptics (SYNA 130.00, +4.38, +3.5%) in an all-stock deal worth $7 billion.
Samsung (SSNLF) and SK Hynix (SKHY) are planning to announce hundreds of billions of dollars worth of new investments next week, according to Bloomberg.
SpaceX (SPCX 150.93, -2.07, -1.4%) is aiming to introduce a new Starlink mobile service for U.S. consumers, according to Financial Times.