Chipmaker Onsemi (ON.O) on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for ​power management chips used in AI data centers.

Onsemi's results ‌come as it looks to its biggest deal yet, a $7 billion all-stock acquisition of Synaptics announced in June, to ​tap into growing demand from AI ​devices and robotics.

Here are some details: