SYNOPSYS TO ACQUIRE HPL TECHNOLOGIES’ PACKAGE OF SHARES FOR APPROXIMATELY 13 MLN USD
Noyan Tapan News Agency, Armenia
Oct 12 2005
YEREVAN, OCTOBER 12, NOYAN TAPAN. The US company Synopsys that opened
its branch last year in Armenia will acquire the package of shares
of another American company HPL Technologies for approximately 13 mln
USD. The shareholders of HPL Technologies must approve the transaction
in 2006. Brian Gordon, Vice President of HPL Technologies, stated at
the October 12 press conference that in case of the transaction’s
approval, the 100 specialists currently working at the company’s
Armenian branch – HPLA will be included in the staff of Synopsys
Armenia – the Armenian branch of Synopsys. It was mentioned that
merger of these two companies will allow to create new jobs, including
in Armenia.
HPL Technologies is a world leader in yield management software and
test chip solutions. The Armenian branch of the company – HPLA was
founded in 1995.
Rich Goldman, Synopsys Vice President for Strategical Development
of Marketing, noted that the use of HPL technologies will enable to
increase complex semiconductors’ design and production efficiency.
Particularly, the duration of the cycle between design and production,
currently taking 18-20 months, will be reduced. R.
Goldman did not rule out the possibility of purchase of other companies
by Synopsys.
From: Emil Lazarian | Ararat NewsPress