WASHINGTON, May 28 (Reuters) - The U.S. Federal Trade
Commission said on Wednesday it will require two software
companies -Synopsys ( SNPS ) and Ansys ( ANSS )- to divest
certain assets to resolve antitrust concerns surrounding their
$35 billion merger.
The proposed divestiture will preserve competition across
several software tool markets that are critical for the design
of semiconductors and light simulation devices, according to the
commission.
The FTC added that it will help protect consumers from
higher input prices for cars, phones and other items.
Synopsys ( SNPS ) is a leading developer and supplier used to
design semiconductors, while Ansys ( ANSS ) provides simulation software
tools used for testing products including semiconductors.
During an earnings call earlier on Wednesday, Synopsys ( SNPS )
CEO Sassine Ghazi said the company has regulatory clearances in
all jurisdictions excluding China.
"We are working cooperatively and actively negotiating
... to secure China regulatory clearance and we continue to
anticipate closing in the first half of this year," Ghazi said.
(Reporting by Jasper Ward; editing by Costas Pitas)