Synopsys to Acquire Semiconductor and Flat Panel Display Solutions from BISTel
Synopsys (NASDAQ: SNPS) has signed a definitive agreement to acquire semiconductor and flat panel display solutions from BISTel, enhancing its process control offerings for semiconductor fabs. The acquisition aims to integrate yield management and predictive analysis to improve manufacturing quality and efficiency. The deal is set to close in the fourth quarter of fiscal year 2021, contingent upon standard closing conditions. The financial terms remain undisclosed, but are not considered material to Synopsys' financials.
- Acquisition expands Synopsys' process control solutions for semiconductor fabs.
- Integration of yield management and predictive analysis expected to enhance manufacturing quality.
- Addition of experienced engineers to accelerate technology development.
- Transaction subject to customary closing conditions which may delay integration.
- Potential challenges in integrating BISTel's assets and employees.
MOUNTAIN VIEW, Calif., June 21, 2021 /PRNewswire/ -- Synopsys, Inc. (NASDAQ: SNPS) today announced that it has signed a definitive agreement to acquire the semiconductor and flat panel display solutions from BISTel, a leader in engineering equipment systems and AI applications for semiconductor smart manufacturing, headquartered in South Korea. When completed, the acquisition will broaden Synopsys' industry-leading process control solutions for semiconductor fabs with an integrated and comprehensive yield management and prediction solution to enhance manufacturing quality and efficiency. The acquisition will also add a team of experienced engineers to accelerate technology development using real-time manufacturing predictive analysis.
The transaction is subject to customary closing conditions and is expected to close in Synopsys' fourth quarter of fiscal year 2021. The terms of the deal, which are not material to Synopsys' financials, are not being disclosed.
"Semiconductor fabs are rising to the challenge of meeting market demand for products that drive the global economy," said Howard Ko, general manager of the Silicon Engineering Group at Synopsys. "Combining Synopsys' and BISTel's expertise in fab solutions will enable us to bring to market innovative process control products that help our customers maximize their economic opportunity."
About Synopsys
Synopsys, Inc. (NASDAQ: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry's broadest portfolio of application security testing tools and services. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products. Learn more at https://www.synopsys.com.
Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements regarding the pending acquisition of BISTel, the parties' ability to close, the expected closing date of the transaction, and 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: the ability of the parties to consummate the acquisition in a timely manner or at all; the satisfaction of the conditions precedent to consummation of the acquisition; the effect of the announcement of the pending acquisition on Synopsys' and BISTel's respective businesses; Synopsys' ability to operate or integrate BISTel'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 semiconductor and flat panel display solutions. 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 press release.
Editorial Contact:
Simone Souza
Synopsys, Inc.
650-584-6454
simone@synopsys.com
Investor Contact:
Lisa Ewbank
Synopsys, Inc.
650-584-1901
synopsys-ir@synopsys.com
View original content:http://www.prnewswire.com/news-releases/synopsys-to-acquire-semiconductor-and-flat-panel-display-solutions-from-bistel-301316104.html
SOURCE Synopsys, Inc.
FAQ
What is the purpose of Synopsys' acquisition of BISTel?
When is the expected closing date for the Synopsys-BISTel acquisition?
What financial impact does the acquisition of BISTel have on Synopsys?
How will the acquisition of BISTel impact Synopsys' technology development?
