SUNNYVALE, Calif., March 20,
2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq:
SNPS) today announced that it has completed the acquisition of
Intrinsic ID, a leading provider of Physical Unclonable Function
(PUF) IP used in the design of system-on-chips (SoCs). The
acquisition adds production proven PUF IP to Synopsys' broadly used
semiconductor IP portfolio, enabling SoC designers worldwide
to protect their SoCs by generating a unique identifier on chip
utilizing the inherent and distinctive characteristics of every
silicon chip. The acquisition also adds Intrinsic ID's team of
experienced research and development engineers who have deep
expertise in PUF technology. The terms of the deal, which are not
material to Synopsys financials, are not being disclosed.
"In our increasingly connected world, chip designers are
integrating PUF technology in their SoCs for many applications,
including identification and the creation of a product ID for track
and trace," said Joachim Kunkel,
general manager of the Solutions Group at Synopsys. "The
acquisition of Intrinsic ID complements our extensive semiconductor
IP portfolio, further helping designers create SoCs that are at the
heart of today's smart and connected devices. We look forward to
expanding our R&D presence in the
Netherlands with Intrinsic ID's team and establishing a
center of excellence for PUF technology in Eindhoven."
Synopsys is a leading provider of high-quality, silicon-proven
semiconductor IP solutions for SoC designs. The broad Synopsys IP
portfolio includes logic libraries, embedded memories, analog IP,
wired and wireless interface IP, security IP, embedded processors
and subsystems. To accelerate IP integration and silicon bring-up,
Synopsys' IP Accelerated initiative provides architecture design
expertise, hardening, and signal/power integrity analysis.
Synopsys' extensive investment in IP quality, comprehensive
technical support and robust IP development methodology enables
designers to reduce integration risk and accelerate
time-to-market.
About Synopsys
Catalyzing the era of pervasive intelligence, Synopsys, Inc.
(Nasdaq: SNPS) delivers trusted and comprehensive silicon to
systems design solutions, from electronic design automation to
silicon IP and system verification and validation. We partner
closely with semiconductor and systems customers across a wide
range of industries to maximize their R&D capability and
productivity, powering innovation today that ignites the ingenuity
of tomorrow. Learn more at www.synopsys.com.
Forward-Looking Statements
This news release contains forward-looking statements,
including, but not limited to, statements regarding 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: Synopsys' ability to operate or integrate
Intrinsic ID'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 silicon-proven hardware- and software-based PUF IP.
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 news release.
Editorial Contact:
Kelli Wheeler
Synopsys, Inc.
650-584-5000
kelliw@synopsys.com
corp-pr@synopsys.com
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SOURCE Synopsys, Inc.