Page 13 - Synopsys News Today

Synopsys to sell software unit to Clearlake, Francisco in $2.1 bln deal

As demand for semiconductors continues to rise, analog IC design engineers are struggling to solve great challenges including migrating analog IP across ...

Simon & Schuster Signs Deal to Buy Dutch Publisher VBK Simon & Schuster is acquiring Dutch publishing house Veen Bosch & Keuning for an undisclosed amount, its first deal for a non-English book...

Synopsys seals a $2.1 billion deal with Clearlake Capital Group, L.P. and Francisco Partners, elevating its focus on core chip design by divesting its Software Integrity Group business to a new standalone entity. Led by existing management, the move aims to revolutionize software development, enhancing innovation while mitigating business risks.

Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era." Synopsys announced plans in late 2023 to divest its SIG unit.

(Bloomberg) -- Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeJudge Threatens Trump With Jail Over Gag Order ViolationsTreasury Rally Risks Running Into a $125 Billion Brick WallBuffett Praises Apple After Trimming It, Drops Paramount StakeClearlake Capit

GEORGE TOWN: Penang can soon boast of an Integrated Circuit (IC) Design and Digital Park by year-end.

The semiconductor industry is also a driving force behind the global green transformation, digital transformation, and knowledge-based development trends. Meanwhile, green transformation, digital transformation, and the electronics industry will facilitate the strong development of the semiconductor sector.

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GEORGE TOWN: Penang has unveiled plans for an integrated circuit (IC) design and digital park, which offers one million square feet of premium office space to cater for high-impact projects.