Advanced Micro Devices (AMD), Synopsys (SNPS) Enter Expanded IP Technology Partnership

Synopsys, Inc. (Nasdaq: SNPS) and AMD (NYSE: AMD) announced they have signed a multi-year agreement that gives AMD access to a range of Synopsys DesignWare interface, memory compiler, logic library and analog IP on advanced 16/14-nanometer (nm) and 10-nm FinFET process technologies. Synopsys is also hiring approximately 150 AMD IP R&D engineers and gains access to AMD's leading interface and foundation IP.

Synopsys is a demonstrated leader in developing silicon-proven IP for advanced process technologies, providing designers with a broad range of high-quality IP for integration into System-on-Chips (SoCs) and delivering expert technical support. For 45 years, AMD has developed and integrated many forms of complex IP into advanced processors, graphics cards and related SoCs. By licensing proven, standard IP from Synopsys and transferring interface and foundation IP to Synopsys, AMD can focus its valuable engineering resources on its ongoing product differentiation and IP reuse strategy and realize long-term cost efficiencies.

"Today's announcement aligns with AMD's continuing IP development strategy to focus our internal teams on designing the innovative 64-bit processor, graphics and peripheral IP that forms the foundation for our competitive differentiation, while leveraging Synopsys, the industry leader for cost-effective development of complementary standard IP components, for our future SoCs," said Mark Papermaster, AMD senior vice president and CTO. "We've partnered with Synopsys for tools and IP for more than a decade, and this expanded relationship is a great example of leveraging high-quality, standard IP for cost-effective reuse across multiple solutions."

"We are excited to expand our relationship with AMD through this partnership and look forward to their experienced IP R&D team joining Synopsys," said Joachim Kunkel, senior vice president and general manager of the Solutions Group at Synopsys. "These agreements are an example of how our customers are engaging with us in long-term, collaborative partnerships to meet their IP requirements and enable them to focus their efforts on product differentiation."

AMD cost efficiencies from these agreements are contemplated in the company's 2014 quarterly non-GAAP operating expense guidance of approximately $420 million to $450 million.

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