Activist Elliott takes multibillion-dollar stake in Synopsys, source says

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Activist investor Elliott Investment Management has acquired a multibillion-dollar stake in Synopsys, an electronic design automation company, aiming to push for increased sales and improved margins. Synopsys, valued at over $80 billion, is a crucial supplier of software for chip design, and Elliott believes there’s a strong opportunity for its financial performance to better reflect its value, especially with AI driving increased chip complexity. The hedge fund plans to engage with Synopsys to achieve these improvements.

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