Synopsys announces plans to acquire software and simulation company Ansys for $35B

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Sunnyvale-based Synopsys Inc. on Tuesday announced its plans to acquire software and simulation company Ansys Inc. in a deal valued at $35 billion. Synopsys (Nasdaq: SNPS) is an electronic design automation and semiconductor company that is also a member of the S&P 500. Investors boosted Synopsys stock by 1.3% to trade at nearly $501 a share as of 2:15 pm Eastern. The merger will bring together companies that have deep connections in Silicon Valley and also engineering design and analysis, with products and services not only on Earth, but also in space. Added Ansys Gopal: "This transformative combination brings together each companys highly complementary capabilities to meet the evolving needs of todays engineers and give them unprecedented insight into the performance of their products."

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AI & Machine learning

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Electronic Design Automation (EDA) Semiconductor Software Developer Tools

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