Summary by Moomoo AI
Synopsys responded to the UK Competition and Markets Authority's (CMA) Phase 1 findings regarding its proposed acquisition of Ansys. The company has taken steps to address all concerns raised, including plans to sell its Optical Solutions business to Keysight. Synopsys remains confident in a positive resolution of the regulatory review process and expects the transaction to close in H1 2025.The merger aims to drive innovation across industries by integrating EDA and Simulation and Analysis software to meet increasing customer needs for comprehensive system design solutions. Customers have expressed overwhelming support for the transaction. Synopsys continues to engage constructively with the CMA regarding proposed remedies.Synopsys (Nasdaq: SNPS) delivers silicon to systems design solutions, partnering with semiconductor and systems customers across various industries to maximize R&D capability and productivity. The company emphasizes its role in catalyzing the era of pervasive intelligence through trusted and comprehensive solutions.
