Synopsys acquires the semiconductor IP assets of Mosaid Technologies, a developer and licensor of semiconductor intellectual property. Synopsys plans to integrate such assets, consisting primarily of double data rate (DDR) memory controller and PHY semiconductor IP products, into its DesignWare IP portfolio. The purchase price for the acquisition is approximately $15 million, payable in cash. The transaction is expected to close in August 2007.

Founded in 1975, Mosaid is based in Ottawa, Ontari. The companies net income for fiscal 2007 was $24.7 millio. Revenues from continuing operations for fiscal 2007 were $59.9 million. During the fourth quarter Mosaid completed the sale of certain assets of its Systems Division test equipment business to Teradyne.