Benzinga | Jun 21, 2021 09:05AM EDT

Synopsys Reports Will Buy Semi, Flat Panel Display Solutions From BISTel, No Terms Disclosed

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."