Synopsys (SNPS) Gets Approval to Divest Optical and PowerArtist Businesses

Synopsys, Inc. (NASDAQ:SNPS) is one of the 11 Best American Semiconductor Stocks to Invest In. On October 10, Synopsys, Inc. (NASDAQ:SNPS) shared that it has received approval from all necessary authorities to move forward with the planned sale of its Optical Solutions Group and PowerArtist businesses to Keysight Technologies.

Regulatory authorities required these divestitures as a necessary step as part of Synopsys, Inc.’s (NASDAQ:SNPS) acquisition of Ansys, which was completed on July 17, 2025.

According to the report by Synopsys, Inc. (NASDAQ:SNPS), these transactions are not material to the company’s financials. The company expects to conclude these sales on or about October 17, 2025.

Synopsys, Inc. (NASDAQ:SNPS) is an American company that provides tools and services for the design and manufacture of semiconductor chips and electronic systems. The company specializes in electronic design automation (EDA) tools, silicon intellectual property (IP), simulation and analysis solutions, and design services to help semiconductor and electronics industries design, verify, and manufacture chips and complex electronic systems.

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Disclosure: None. This article is originally published at Insider Monkey.