Activist Elliott takes major stake in Synopsys to boost software monetization

Activist investor Elliott Investment Management has acquired a significant stake in Synopsys, a leading chip-design software company. Elliott plans to push Synopsys to better monetize its software and services, which are critical to semiconductor design and used by major tech firms like Intel and Tesla. This move aims to increase profitability and shareholder returns. Synopsys shares rose over 3% ahead of market open following the news.