Tag: $Synopsys

Chip design software provider Synopsys (SNPS) missed Wall Street estimates for third-quarter revenue on Tuesday, hurt by weakness in its Design IP business, sending shares down 20% in premarket trading on Wednesday.

Britain’s competition regulator on Wednesday cleared chip-design-software maker Synopsys’ $35 billion deal to buy Ansys after accepting certain remedies from the companies.

The U.K. competition regulator said it could approve chip design software group Synopsys’s $35 billion purchase of Ansys after the companies offered to sell off business units to ease regulators’ concerns.

Synopsys posted slightly higher-than-expected revenue in its latest quarter as it benefits from companies racing to invest in artificial intelligence.

UK’s competition watchdog said on Monday it was looking into whether chip design software maker Synopsys’ $35 billion acquisition of Ansys would affect competition in Britain

Synopsys shares are inching higher after the provider of semiconductor- design software tools posted better-than-expected quarterly profits and financial guidance.

Synopsys Inc, a maker of software used in chip design, has submitted an offer to acquire Ansys Inc, an engineering software vendor with a market value of $30 billion, people familiar with the matter said on Friday.

Synopsys shares traded modestly higher after the provider of chip- design software posted a higher quarterly profit than Wall Street expected.

Synopsys shares gained ground in late trading Wednesday, after the provider of chip design software posted better-than-expected results for the quarter and provided upbeat guidance.

Intel and Synopsys announced on Monday that the two companies have agreed to expand a strategic partnership in which Intel’s foundry customers will be able to license intellectual property from Synopsys.