Announced: June 2026 Deal Value: $7.1 B

Semiconductor software and chips maker Synaptics was picked up by semiconductors and sensors manufacturer onsemi for approximately $7 billion at 6.1 times revenue to strengthen its position in physical AI. By adding Synaptics’ edge AI and strong portfolio of human-machine interface and wireless connectivity solutions to its offerings, onsemi extends its capabilities beyond power and sensing to intelligent systems. The move increases its TAM by $30 billion to $243 billion by 2030 as it can deliver greater value to a broader range of end markets.

Announced: June 2026 Deal Value: $3.9 B

California-based next-gen AI developer platform Modular was pocketed by Qualcomm for nearly $4 billion to enhance its AI software infrastructure capabilities and accelerate its strategy of becoming a full-stack AI platform provider. Qualcomm aims to create a more complete edge-to-cloud AI stack, improve performance-per-watt, expand its data center AI ambitions, and provide developers with a hardware-agnostic environment for deploying AI applications across diverse computing architectures.

Announced: June 2026 Deal Value: $60 B

The largest deal of the first half of 2026 happened in June, when San Francisco-based AI coding startup Cursor got bought by SpaceX for $60 billion to strengthen its AI division — built around Elon Musk’s AI company xAI, which SpaceX merged with earlier this year. The deal is supposed to bolster the company’s efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools.

Announced: June 2026 Deal Value: $3.6 B

Another Californian AI company, the customer agent enterprise Fin, was sold to Salesforce for an estimated $3.6 billion at 9.5 times revenue to strengthen its AI agent capabilities and expand its Agentforce platform. The acquisition adds Fin's customer service AI agents, proprietary Apex model, and experienced AI team to Salesforce’s operations, enabling it to accelerate the deployment of autonomous customer service solutions across organizations of all sizes and further its transition toward an AI-driven enterprise software platform.

Announced: June 2026 Deal Value: $3.1B

Norwegian-founded industrial AI company Cognite was acquired by French energy and industrial automation systems provider Schneider Electric for $3.1 billion at 18.2 times revenue. The deal enhances Schneider-owned AVEVA's software portfolio, enabling customers to operationalize AI directly within plant operations, asset management, and engineering workflows. It also addresses rising European demand for industrial AI as manufacturers pursue greater efficiency, lower waste, cleaner energy, and reduced reliance on Russian oil and gas.

Announced: June 2026 Deal Value: $22.6 M

In the Control Systems space, Chinese autonomous driving and computer vision systems provider Autocruis Technology sold a controlling stake to Indian automotive OEM Samvardhana Motherson for $22.6 million at 5.5x its revenue to strengthen its automotive vision and camera-based systems portfolio. The deal also enhances Motherson's in-house capabilities in image processing, video technologies, and automotive electronics, while providing greater access to Chinese automotive OEMs through Autocruis' established customer relationships.

Announced: May 2026 Deal Value: Undisclosed

In California, one of the top acquirers in the AI Tech M&A market, OpenAI, pocketed London-based applied AI consulting and engineering firm Tomoro AI. This represents the founding acquisition of the OpenAI Deployment Company, OpenAI's new deployment-focused organization, which launched with more than $4 billion of initial investment. Through this acquisition, OpenAI sought to strengthen its ability to deliver real-world AI implementations and provide customers with direct access to deployment expertise alongside OpenAI's models and products.

Announced: May 2026 Deal Value: $750 M

In the healthcare vertical, Boston-based AI-powered pathology platform PathAI was scooped up by Switzerland-based global pharmaceutical company Roche for $750 million upfront, plus up to $300 million in milestone payments, to bolster Roche's position in digital pathology, precision medicine, and AI-driven diagnostics. The deal builds on a partnership that began in 2021 and was expanded in 2024 to develop AI-enabled companion diagnostic algorithms. Upon closing, PathAI will become part of Roche's Diagnostics division.

Announced: April 2026 Deal Value: $140 M

AI gateway and governance software Portkey was bought by cybersecurity vendor Palo Alto Networks for reported $140 million to strengthen its AI security platform and address the emerging risks associated with enterprise AI agents. By integrating Portkey's AI Gateway technology into Prisma AIRS, Palo Alto Networks gains a centralized control plane for monitoring, governing, and securing AI interactions, enabling customers to deploy autonomous AI applications with greater security, visibility, and operational control.