Activist Elliott takes multibillion-dollar stake in Synopsys, WSJ reports

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Activist investor Elliott Investment Management has reportedly acquired a multibillion-dollar stake in Synopsys, an electronic design automation company. Elliott aims to engage with Synopsys to boost its financial performance by making more money from its software and services, citing the company’s unique position to benefit from AI-driven chip complexity. Synopsys, valued at over $80 billion, is a major supplier of software for chip design.

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