March 22 (Reuters) - Activist investor Elliott

Investment Management has a multibillion-dollar investment

in Synopsys ( SNPS ), the Wall Street Journal reported on

Sunday, citing people familiar with the matter.

Elliott plans to engage with Synopsys ( SNPS ) to push the business

to make more money from its software and services, the report

said.

There is a "clear opportunity for Synopsys' ( SNPS ) financial

performance to more fully reflect the value it delivers,"

Elliott Managing Partner Jesse Cohn told the Journal, adding

that "as AI drives a step change in chip complexity and capital

investment, Synopsys ( SNPS ) is uniquely positioned to benefit from this

growth."

"Synopsys' ( SNPS ) Board of Directors and management team

regularly engage with our shareholders on a range of issues and

value their input," the company said in an emailed statement to

Reuters.

Elliott did not immediately respond to a Reuters request for

comment outside regular business hours. Reuters could not

immediately verify the report.

California-based Synopsys ( SNPS ), valued at over $80 billion, has

for decades been one of the main suppliers of software used in

determining how to arrange the tens of billions of transistors

that make up chips from firms such as Advanced Micro Devices ( AMD )

and Nvidia ( NVDA ), which last year invested $2 billion

in Synopsys ( SNPS ).

Elliott sees room for Synopsys ( SNPS ) to boost sales and improve

margins to be more in line with those of Cadence Design Systems ( CDNS )

, its closest rival, the report added.