Synopsys Acquires Rights To AMD's Interface And Foundation IP

(RTTNews) - Synopsys Inc. (SNPS) and Advanced Micro Devices, Inc. (AMD) announced they have signed a multi-year agreement that gives AMD access to a range of Synopsys DesignWare interface, memory compiler, logic library and analog IP on advanced 16/14-nanometer (nm) and 10-nm FinFET process technologies.

AMD stated that Synopsys is also hiring about 150 AMD IP R&D engineers and gains access to AMD's interface and foundation IP.

AMD cost efficiencies from these agreements are contemplated in the company's 2014 quarterly non-GAAP operating expense guidance of approximately $420 million to $450 million.