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Form 8-K · Current Report · Filed 2024-03-20

Synopsys Announces Investor Day and Sale of Software Integrity Business

On March 20, 2024, Synopsys, Inc. hosted an investor day where key executives presented, and the company announced the initiation of a sale process for its Software Integrity business. A replay of the webcast and presentation slides are available on Synopsys' Investor Relations website.

Filer
Synopsys Inc. SNPS · NASDAQ
Filed
Accession
0001193125-24-072735
CIK
0000883241
Signal
Low impactTechnology

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 8.01

Other Events

Corporate Update
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$584.71

Next session

+3.0%

Since filing

-33.5%

Latest close

$388.76

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SNPS reporting the same item, with the next session's move:

Exhibits (1)

About Synopsys Inc.

Synopsys Inc. is a leading provider of electronic design automation software, offering comprehensive solutions essential for designing and testing integrated circuits and electronic systems. Their software facilitates complex chip design processes, catering to a wide spectrum of industries, including semiconductor, automotive, and consumer electronics. One of Synopsys's key offerings is its advanced verification platform, which enhances the reliability and performance of electronic products. The company also plays a pivotal role in advancing chip design technology through its robust intellectual property portfolio, offering Silicon-proven IP that accelerates time-to-market for semiconductor companies. Headquartered in Mountain View, California, Synopsys is integral to the semiconductor design and verification cycle, supporting innovation in various tech sectors. Its tools are indispensable in conducing the unyielding complexity and shrinking design cycles synonymous with modern electronics, underscoring its market significance.

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