Latest news with #PowerArtist
Yahoo
3 days ago
- Business
- Yahoo
Synopsys (SNPS) Moves Ahead in Ansys Merger After FTC Divestiture Order
The Federal Trade Commission (FTC) issued a divestiture order on May 28, requiring Synopsys Inc. (NASDAQ:SNPS) and Ansys Inc. (NASDAQ:ANSS) to divest certain assets to resolve antitrust concerns surrounding their $35 billion merger. The FTC stated that the order is necessary to allow the deal to proceed while maintaining competition in software markets critical to the design of semiconductors and optical devices. bleakstar/ Announced in January 2024, Synopsys' acquisition of Ansys is part of its broader strategy to expand leadership in silicon-to-systems design. However, the FTC determined that the two companies compete directly in three key markets, and that the merger could lead to reduced innovation and higher prices for device manufacturers and consumers. After extensive negotiations, the FTC's proposed consent order allows the companies to move forward, provided they divest certain overlapping assets. Synopsys must sell its optical and photonic design software, which supports the simulation of components like LEDs, lenses, and fiber optics. Ansys is required to divest PowerArtist, a tool used for power optimization in chip design. These assets will be sold to Keysight Technologies (NYSE:KEYS). The companies must complete the divestitures within 10 days of Synopsys closing the acquisition. Both firms have already made progress in addressing regulatory concerns. On its quarterly earnings call on May 28, Synopsys reported receiving merger clearances in all jurisdictions except China. Synopsys provides end-to-end solutions for silicon-to-systems design, including EDA software, silicon IP, and system verification and validation. While we acknowledge the potential of SNPS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNPS and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
Synopsys (SNPS) Moves Ahead in Ansys Merger After FTC Divestiture Order
The Federal Trade Commission (FTC) issued a divestiture order on May 28, requiring Synopsys Inc. (NASDAQ:SNPS) and Ansys Inc. (NASDAQ:ANSS) to divest certain assets to resolve antitrust concerns surrounding their $35 billion merger. The FTC stated that the order is necessary to allow the deal to proceed while maintaining competition in software markets critical to the design of semiconductors and optical devices. bleakstar/ Announced in January 2024, Synopsys' acquisition of Ansys is part of its broader strategy to expand leadership in silicon-to-systems design. However, the FTC determined that the two companies compete directly in three key markets, and that the merger could lead to reduced innovation and higher prices for device manufacturers and consumers. After extensive negotiations, the FTC's proposed consent order allows the companies to move forward, provided they divest certain overlapping assets. Synopsys must sell its optical and photonic design software, which supports the simulation of components like LEDs, lenses, and fiber optics. Ansys is required to divest PowerArtist, a tool used for power optimization in chip design. These assets will be sold to Keysight Technologies (NYSE:KEYS). The companies must complete the divestitures within 10 days of Synopsys closing the acquisition. Both firms have already made progress in addressing regulatory concerns. On its quarterly earnings call on May 28, Synopsys reported receiving merger clearances in all jurisdictions except China. Synopsys provides end-to-end solutions for silicon-to-systems design, including EDA software, silicon IP, and system verification and validation. While we acknowledge the potential of SNPS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNPS and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Synopsys (SNPS) Moves Ahead in Ansys Merger After FTC Divestiture Order
The Federal Trade Commission (FTC) issued a divestiture order on May 28, requiring Synopsys Inc. (NASDAQ:SNPS) and Ansys Inc. (NASDAQ:ANSS) to divest certain assets to resolve antitrust concerns surrounding their $35 billion merger. The FTC stated that the order is necessary to allow the deal to proceed while maintaining competition in software markets critical to the design of semiconductors and optical devices. bleakstar/ Announced in January 2024, Synopsys' acquisition of Ansys is part of its broader strategy to expand leadership in silicon-to-systems design. However, the FTC determined that the two companies compete directly in three key markets, and that the merger could lead to reduced innovation and higher prices for device manufacturers and consumers. After extensive negotiations, the FTC's proposed consent order allows the companies to move forward, provided they divest certain overlapping assets. Synopsys must sell its optical and photonic design software, which supports the simulation of components like LEDs, lenses, and fiber optics. Ansys is required to divest PowerArtist, a tool used for power optimization in chip design. These assets will be sold to Keysight Technologies (NYSE:KEYS). The companies must complete the divestitures within 10 days of Synopsys closing the acquisition. Both firms have already made progress in addressing regulatory concerns. On its quarterly earnings call on May 28, Synopsys reported receiving merger clearances in all jurisdictions except China. Synopsys provides end-to-end solutions for silicon-to-systems design, including EDA software, silicon IP, and system verification and validation. While we acknowledge the potential of SNPS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNPS and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
FTC will Require Synopsys and ANSYS to Divest Assets to Resolve Merger Concerns
The Federal Trade Commission (FTC) announced on Wednesday that it will require Synopsys, Inc. (NASDAQ:SNPS) and ANSYS, Inc. (NASDAQ:ANSS) to divest certain assets to proceed with their $35 billion merger. A close-up of a tech engineer soldering a modern system-on-chip circuit board in a laboratory setting. According to the commission, the proposed divestiture order will preserve competition across several software tool markets that are vital to semiconductors and light simulation devices. The FTC also added that the order will protect consumers from higher input prices for phones, cars, cameras, televisions, and other products. Under a proposed consent order, Synopsys, Inc. (NASDAQ:SNPS) will divest its optical software tools and photonic software tools, whereas ANSYS, Inc. (NASDAQ:ANSS) is required to divest PowerArtist, a power consumption analysis tool. Both companies will sell their assets to Keysight Technologies, Inc. The order also requires the two companies to complete the divestitures within 10 days of Synopsys, Inc. (NASDAQ:SNPS) closing the acquisition of ANSYS, Inc. (NASDAQ:ANSS). Both will also have to provide a limited amount of technological support and transition services to Keysight so that it can immediately compete with the merged company. While we acknowledge the potential of SNPS and ANSS as investments, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNPS and ANSS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
5 days ago
- Business
- Yahoo
Synopsys gets conditional FTC approval for Ansys acquisition
Chip designer Synopsys has received conditional approval from the US Federal Trade Commission (FTC) for its $35bn acquisition of software developer Ansys. In January 2024, the companies signed a definitive agreement to execute the deal. As per the latest conditions set forward by the FTC, Synopsys and Ansys must divest certain assets to Keysight Technologies to address antitrust concerns. This divestiture aims to maintain competition in software tool markets essential for semiconductor and light simulation device design. The FTC's proposed divestiture order seeks to protect consumers from potential price increases for products such as cars, smartphones, and televisions. FTC Bureau of Competition director Daniel Guarnera said: 'The FTC's action today protects Americans from higher costs for the countless everyday products that use computer chips, LED screens, fibre optic cables, and many other high-tech components. 'The FTC's divestiture order ensures that competition can thrive across software markets that are critical to designing the digital products that power Americans' daily lives.' Synopsys develops Electronic Design Automation software for semiconductor design, while Ansys offers Simulation & Analysis software for product testing, including semiconductors. Under the proposed consent order, Synopsys will divest its optical software tools used for designing and simulating optical devices such as LED screens and lenses. Additionally, Synopsys will divest its photonic software tools, which aid in designing devices using photons, like fibre optic cables and solar panels. Ansys will divest its PowerArtist tool, which measures and optimises power consumption of digital chips during the Register Transfer Level design stage. The consent order addresses FTC allegations of anticompetitive behaviour in optical, photonic, and RTL power consumption analysis tool markets. The consent order mandates that Synopsys and Ansys complete divestitures within ten days of the acquisition's closure. The order also requires Synopsys and Ansys to provide transition services and technological support to enable Keysight to compete with the merged entity. A monitor will oversee the consent order's implementation, and a divestiture trustee will be appointed if divestitures are not completed, it said. "Synopsys gets conditional FTC approval for Ansys acquisition" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
