Recent Updates — SNPS

Synopsys entered into an accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank to buy back up to $1 billion of its common stock. The company will receive an initial delivery of approximately 1,735,000 shares immediately, with the final number of shares determined by the average daily volume-weighted price during the repurchase period and settled on or before January 5, 2027. Synopsys is a leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products through industry-leading silicon design, IP, simulation, and analysis tools.

Synopsys announced that General Counsel and Corporate Secretary Janet Lee will depart her executive roles effective December 31, 2026, or upon the appointment of a successor. Ms. Lee will transition to an advisory role continuing until June 30, 2027, to facilitate a smooth leadership handover. Synopsys operates in the electronic design automation industry, providing software tools for semiconductor and electronics design.