US activist campaign targets Synopsys, which provides essential EDA software to Nvidia, amid its integration with ANSYS.

The entities involved

• Synopsys →

  American software company

  • Synopsys and Alchip developed AI data center ASICs featuring high-speed SerDes.Mon 07:44
  • BNP Paribas removed its underperform rating, and HSBC upgraded Synopsys stock to buy.Fri 18:57
• Nvidia →

  American multinational technology company

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
• Elliott Investment Management →

  American hedge fund

  • Gold Fields approached Northern Star Resources regarding a potential takeover, amidst activist investor pressure regarding performance.Mon 07:52
  • Elliott Investment Management is demanding a strategic review and board refresh for Northern Star Resources, whose flagship KCGM operation is located in Kalgoorlie.Sat 16:22

Related events

• The acquisition of ANSYS is strengthening Synopsys' position in silicon design and enhancing its leadership in EDA tools.Jun 8
• Synopsys leverages ANSYS for Design Automation revenue, contributing $2.98 billion to Synopsys's revenue outlook.Aug 29
• Synopsys acquired ANSYS, partnered with TSMC, and received analyst upgrades from Frank Lee and HSBC.Fri 16:53
• Indosat Ooredoo Hutchison is forming the RAIA Grid national backbone in Indonesia and planning to use Nvidia chips for AI workloads.Aug 26
• Nvidia is powering the next generation of space and AI computing through partnerships with xAI, SpaceX, and Amazon.Aug 27