Synopsys Enters Definitive Agreement with GlobalFoundries For Sale of Processor IP Solutions Business
Synopsys, Inc. (NASDAQ: SNPS ) today announced it has entered into a definitive agreement for the sale of its Processor IP Solutions business to GlobalFoundries (Nasdaq: GFS) (GF). Synopsys' extensive investment in IP quality, comprehensive technical support and robust IP development methodology enables designers to reduce integration risk and accelerate time-to-market. This transaction enhances the focus of Synopsys' IP business on strengthening its leadership position in interface and foundation IP while pursuing the highest-value, AI-driven opportunities from the cloud to the edge for customers spanning HPC, mobile, automotive and consumer. "We are focusing our IP resources and roadmap to further our leadership in essential interface and foundation IP while winning new, high-value opportunities that advance our position as the leading provider of engineering solutions from silicon to systems," said Sassine Ghazi, president and CEO of Synopsys. "GF will be an excellent future
Synopsys, Inc. (NASDAQ: SNPS ) today announced it has entered into a definitive agreement for the sale of its Processor IP Solutions business to GlobalFoundries (Nasdaq: GFS) (GF). Synopsys' extensive investment in IP quality, comprehensive technical support and robust IP development methodology enables designers to reduce integration risk and accelerate time-to-market. This transaction enhances the focus of Synopsys' IP business on strengthening its leadership position in interface and foundation IP while pursuing the highest-value, AI-driven opportunities from the cloud to the edge for customers spanning HPC, mobile, automotive and consumer. "We are focusing our IP resources and roadmap to further our leadership in essential interface and foundation IP while winning new, high-value opportunities that advance our position as the leading provider of engineering solutions from silicon to systems," said Sassine Ghazi, president and CEO of Synopsys. "GF will be an excellent future
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
