Synopsys Expands Semiconductor IP Portfolio With Acquisition of Intrinsic ID

Rhea-AI Summary

Synopsys, Inc. (SNPS) has acquired Intrinsic ID, a leading provider of PUF IP, to enhance its semiconductor IP portfolio. The acquisition brings unique identifier generation capabilities to SoC designers worldwide, bolstering Synopsys' position in the smart and connected devices market.

Cybersecurity Expert

The acquisition of Intrinsic ID by Synopsys represents a strategic move to enhance the cybersecurity features within their semiconductor IP offerings. With the integration of Physical Unclonable Function (PUF) technology, Synopsys can now provide a more robust security framework for system-on-chips (SoCs). PUFs leverage the unique physical characteristics of silicon to create a secure and tamper-proof identity for each chip, which is critical in preventing counterfeiting and unauthorized device replication.

From a cybersecurity perspective, this acquisition could potentially lead to a new standard in SoC security, particularly for applications requiring high levels of trust such as in the defense, finance and healthcare sectors. The added expertise from Intrinsic ID's R&D team could accelerate innovation in this field, which may in turn create a competitive advantage for Synopsys in the semiconductor market.

Technology Market Analyst

Examining the market implications, Synopsys's acquisition of Intrinsic ID is not expected to have a material impact on their financials, suggesting that the deal size is relatively small compared to Synopsys's overall business. However, the strategic value lies in the potential market differentiation this technology can offer. As IoT and connected devices proliferate, the demand for secure SoCs is likely to grow and with this acquisition, Synopsys is well-positioned to capitalize on this trend.

The mention of establishing a center of excellence for PUF technology in Eindhoven is noteworthy. It indicates a long-term commitment to advancing this technology, which could foster innovation and potentially lead to the development of new IP products. This could have downstream effects on the stock market as investors look for companies with a strong foothold in emerging tech sectors.

Semiconductor Industry Analyst

The acquisition's impact on the semiconductor industry could be significant, considering the increasing importance of hardware-based security solutions. PUF technology is relatively niche but growing in importance as a means to secure hardware at the foundational level. This move by Synopsys may prompt other industry players to consider similar acquisitions or partnerships to bolster their security offerings.

Furthermore, the establishment of a research hub in the Netherlands aligns with the global trend of semiconductor companies investing in R&D to stay ahead of technological advancements. This could have implications for the regional semiconductor landscape and may influence talent acquisition and industry partnerships in the region.

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.

What did Synopsys announce regarding Intrinsic ID?

Synopsys, Inc. (SNPS) announced the completion of the acquisition of Intrinsic ID, a provider of PUF IP used in SoC design.

How will the acquisition benefit Synopsys?

The acquisition adds production proven PUF IP to Synopsys' semiconductor IP portfolio, enabling SoC designers to protect their chips with a unique identifier.

What expertise does Intrinsic ID bring to Synopsys?

Intrinsic ID's team of experienced research and development engineers have deep expertise in PUF technology, enhancing Synopsys' capabilities in this area.

Where is Synopsys expanding its R&D presence?

Synopsys is expanding its R&D presence in the Netherlands with Intrinsic ID's team and establishing a center of excellence for PUF technology in Eindhoven.

What does Synopsys' IP portfolio include?

Synopsys' IP portfolio includes logic libraries, embedded memories, analog IP, wired and wireless interface IP, security IP, embedded processors, and subsystems.