MOUNTAIN VIEW, Calif.,
Nov. 11, 2019 /PRNewswire/ --
Highlights
- Acquisition of eSilicon IP will expand Synopsys' existing
DesignWare Embedded Memory and Interface IP portfolio
- Acquisition will enable Synopsys to further scale its IP
offering to address requirements of growing markets such as
artificial intelligence (AI) and cloud
- Addition of experienced R&D engineering team will
accelerate development of physical IP in advanced FinFET process
technologies
Synopsys, Inc. (Nasdaq: SNPS) today announced that it has signed
a definitive agreement to acquire certain IP assets from eSilicon.
This acquisition will expand Synopsys' DesignWare® Embedded Memory
IP portfolio with TCAMs and multi-port memory compilers, as well as
its Interface IP portfolio with High-Bandwidth Interface (HBI) IP.
The acquisition will also add a team of experienced R&D
engineers to further scale Synopsys' IP development in the most
advanced process technologies to address customers' evolving design
requirements in growing markets such as AI and cloud. The remaining
entirety of eSilicon, including its ASIC business and 56/112G
SerDes design and related IP, will be acquired by Inphi
Corporation.
The transaction, which is expected to close during Synopsys'
first quarter of fiscal 2020, is not material to Synopsys'
financials and is subject to Vietnamese regulatory approval and
customary closing conditions. Terms are not being disclosed.
"Today's complex SoCs require a broad range of IP to address
stringent performance, power and area requirements of advanced
applications such as AI and cloud computing," said Joachim Kunkel, general manager of the Solutions
Group at Synopsys. "The acquisition of eSilicon's IP will expand
our portfolio and enable us to meet our customers' need for
high-quality IP across advanced FinFET process technologies from a
single trusted supplier with common licensing terms and support
infrastructure."
About DesignWare IP
Synopsys is a leading provider of high-quality, silicon-proven
IP solutions for SoC designs. The broad DesignWare IP portfolio
includes logic libraries, embedded memories, embedded test, analog
IP, wired and wireless interface IP, security IP, embedded
processors and subsystems. To accelerate prototyping, software
development and integration of IP into SoCs, Synopsys' IP
Accelerated initiative offers IP prototyping kits, IP software
development kits and IP subsystems. Synopsys' extensive investment
in IP quality, comprehensive technical support and robust IP
development methodology enable designers to reduce integration risk
and accelerate time-to-market. For more information on
DesignWare® IP, visit www.synopsys.com/designware.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™
partner for innovative companies developing the electronic products
and software applications we rely on every day. As the world's 15th
largest software company, Synopsys has a long history of being a
global leader in electronic design automation (EDA) and
semiconductor IP and is also growing its leadership in software
security and quality solutions. Whether you're a system-on-chip
(SoC) designer creating advanced semiconductors, or a software
developer writing applications that require the highest security
and quality, Synopsys has the solutions needed to deliver
innovative, high-quality, secure products. Learn more at
www.synopsys.com/.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
including statements regarding the pending acquisition of certain
assets from eSilicon, the parties' ability to close and the
expected closing date of the transaction, and the expected benefits
of the transaction. Forward-looking statements are subject to
both known and unknown risks and uncertainties that may cause
actual results to differ materially from those expressed or implied
therein. Such risks and uncertainties include, among others: the
ability of the parties to consummate the acquisition in a timely
manner or at all; the satisfaction of the conditions precedent to
consummation of the acquisition, including the ability to secure
regulatory approvals in a timely manner or at all; the effect of
the announcement of the pending acquisition on Synopsys' and
eSilicon's respective businesses, including possible delays in
customer orders; Synopsys' ability to operate or integrate
eSilicon's IP assets and R&D engineering team with its own
successfully, which may include a potential loss of customers, key
employees, partners or vendors; and uncertain customer demand and
support obligations for integrated product and service offerings.
Other risks and uncertainties that may apply are set forth in the
Risk Factors section of Synopsys' most recently filed Quarterly
Report on Form 10-Q. Synopsys assumes no obligation to update any
forward-looking statement contained in this press release.
Editorial Contact:
Norma
Sengstock
Synopsys, Inc.
650-584-4084
norma@synopsys.com
Investor Contact:
Lisa
Ewbank
Synopsys, Inc.
650-584-1901
synopsys-ir@synopsys.com
View original
content:http://www.prnewswire.com/news-releases/synopsys-to-acquire-certain-ip-assets-from-esilicon-300955427.html
SOURCE Synopsys, Inc.