ANSS
Published on 05/30/2025 at 06:36
The US Federal Trade Commission (FTC) said it will mandate asset divestitures from technology solutions provider Synopsys (NASDAQ:SNPS) and local software firm Ansys Inc. (NASDAQ:ANSS) as a condition for approving their USD 35 billion (EUR 30.89) merger. The remedies aim to prevent harm to competition in critical software markets for semiconductor and light simulation design. Synopsys must divest its optical and photonic design tools, while Ansys will sell its RTL power analysis software, PowerArtist.
All assets will be transferred to US electronic design and test solutions specialist Keysight Technologies. The order requires the companies to complete divestitures within 10 days of closing the merger, provide support for the transition, and comply under oversight by an appointed monitor. The public has 30 days to comment on the proposed agreement, the statement said.
According to Daniel Guarnera, director of the FTC?s Bureau of Competition, the decision protects consumers from price hikes and reduced innovation in vital technology sectors.