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Stocks Making Significant Moves Premarket: On Semiconductor Acquires Synaptics, Rocket Lab Gains After NASA Announcement

On Semiconductor's announcement of a nearly $7 billion all-stock acquisition of Synaptics has led to a significant drop in On's stock, while Synaptics shares have risen. This deal is expected to expand On's total addressable market by $30 billion, highlighting its strategic growth ambitions.