MOUNTAIN VIEW, Calif.,
June 21, 2021 /PRNewswire/
-- Synopsys, Inc. (NASDAQ: SNPS) today announced that it
has signed a definitive agreement to acquire the semiconductor and
flat panel display solutions from BISTel, a leader in engineering
equipment systems and AI applications for semiconductor smart
manufacturing, headquartered in South
Korea. When completed, the acquisition will broaden
Synopsys' industry-leading process control solutions for
semiconductor fabs with an integrated and comprehensive yield
management and prediction solution to enhance manufacturing quality
and efficiency. The acquisition will also add a team of experienced
engineers to accelerate technology development using real-time
manufacturing predictive analysis.
The transaction is subject to customary closing conditions and
is expected to close in Synopsys' fourth quarter of fiscal year
2021. The terms of the deal, which are not material to Synopsys'
financials, are not being disclosed.
"Semiconductor fabs are rising to the challenge of meeting
market demand for products that drive the global economy," said
Howard Ko, general manager of the
Silicon Engineering Group at Synopsys. "Combining Synopsys' and
BISTel's expertise in fab solutions will enable us to bring to
market innovative process control products that help our customers
maximize their economic opportunity."
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 an S&P 500 company, Synopsys has a long history of
being a global leader in electronic design automation (EDA) and
semiconductor IP and offers the industry's broadest portfolio of
application security testing tools and services. Whether you're a
system-on-chip (SoC) designer creating advanced semiconductors, or
a software developer writing more secure, high-quality code,
Synopsys has the solutions needed to deliver innovative products.
Learn more at https://www.synopsys.com.
Forward-Looking Statements
This press release contains
forward-looking statements, including, but not limited to,
statements regarding the pending acquisition of BISTel, the
parties' ability to close, 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 in the
forward-looking statements. These 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; the effect
of the announcement of the pending acquisition on Synopsys' and
BISTel's respective businesses; Synopsys' ability to operate or
integrate BISTel's assets and employees 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 semiconductor and flat panel display solutions.
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:
Simone
Souza
Synopsys, Inc.
650-584-6454
simone@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-semiconductor-and-flat-panel-display-solutions-from-bistel-301316104.html
SOURCE Synopsys, Inc.