11:04 AM EDT, 03/23/2026 (MT Newswires) -- (Updates with Synopsys' ( SNPS ) response in the third paragraph.)

Elliott Investment Management has amassed a multibillion-dollar stake in Synopsys ( SNPS ) and intends to engage with the chip-design software maker to push the business to make more money from its software and services, news outlets reported Sunday, citing unnamed sources.

The activist investor's managing partner, Jesse Cohn, said Synopsys ( SNPS ) is "essential" to the global chip industry, The Wall Street Journal reported.

"With Ansys, our opportunity and our product roadmap have never been stronger," a Synopsys ( SNPS ) spokesperson said in an emailed statement to MT Newswires. "Synopsys' ( SNPS ) Board of Directors and management team regularly engage with our shareholders on a range of issues and value their input. As a matter of policy, we do not comment on specific conversations with individual shareholders."

Elliott Investment didn't immediately respond to MT Newswires' request for a comment.

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