Synopsys Stock News

Chip design software firm Synopsys beat analyst estimates for its fiscal Q3 and guided higher than views for fiscal Q4.

Results Summary 1   Record quarterly revenue of $1.526 billion, up approximately 13% year over year. Quarterly GAAP earnings per diluted share of $2.73; non-GAAP earnings per diluted share of $3.43, up approximately 27% year over year and exceeding guidance.

The UK Competition and Markets Authority (CMA) has announced its intention to review the proposed $35 billion acquisition of Ansys by Synopsys.  This review comes amid growing concerns about market consolidation and competition within the global chip design software sector, a critical area for technological innovation and advancement.

Chip design software maker Synopsys Inc's (NASDAQ:SNPS, ETR:SYP) US$35 billion acquisition of Ansys is facing a potential UK regulatory probe into whether it would affect competition in Britain. No formal investigation has been launched rather this is just a preliminary inquiry, said the Competition and Markets Authority (CMA).

The U.K. antitrust regulator has confirmed that it's carrying out an early-stage inquiry into Synopsys‘s plans to buy Ansys.

UK's competition watchdog said on Monday it was looking into whether chip design software maker Synopsys' $35 billion acquisition of Ansys would affect competition in Britain.

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Aart de Geus, Synopsys executive chair and founder, will be the 2024 recipient of SIA's highest honor, the Robert N. Noyce Award, the SIA said.