Synopsys gets green light for SpringSoft acquisition
Synopsys says it has obtained regulatory approval in Taiwan to acquire SpringSoft.
More than 51% of the outstanding shares of SpringSoft have been tendered.
As a result Synopsys expects to complete the tender offer and take a controlling interest in SpringSoft as of October 1.
SpringSoft’s flagship product is the Laker tool environment for analogue, mixed-signal, and custom digital design and layout that is optimized for performance and interoperability in 28 and 20nm flows.
“Combining the expertise, resources and innovations of both companies will accelerate critical initiatives in verification and custom implementation to serve the needs of designers worldwide,” said Chi-Foon Chan, president and co-CEO of Synopsys.
Synopsys agreed to acquire SpringSoft in August.
The acquisition will give Synopsys signficant engineering resource in Taiwan.