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EXHIBIT 99.1
Released January 5, 2001
SUNNYVALE, Calif., - January 5, 2001 -- Artisan Components, Inc.
(Nasdaq: ARTI) and Synopsys, Inc. (Nasdaq:SNPS) today announced that Artisan has
completed its acquisition of the Silicon Library Business from Synopsys. The
group supplies leading semiconductor manufacturers and IC designers with
physical IP components, including standard cells, memory generators and I/O
cells. Approximately 40 former Synopsys employees associated with the Library
Business have accepted positions with Artisan.
Under the terms of the agreement, cash and Artisan common stock worth an
aggregate value of approximately $24.5 million were exchanged for the assets of
the Silicon Library Business of Synopsys including all of its products, patents,
development and delivery methodologies and ongoing R&D investment.
Safe Harbor Statement
This press release contains forward-looking statements, including
statements regarding the financial impact of the transaction on Artisan. Actual
results may differ materially, and Artisan disclaims any obligation to update or
correct this information. These statements are subject to various risks and
uncertainties, including the demand for semiconductors and end user products
that incorporate semiconductors, and general economic conditions; successful
production volumes of integrated circuits using Artisan products; the parties'
ability to carry out the agreement; and the integration of Synopsys' tools for
use with Artisan products. We refer you also to the documents that the Company
files from time-to time with the Securities and Exchange Commission, in
particular the section entitled "Risk Factors" in the Company's annual report on
form 10-K and its quarterly reports on Forms 10-Q. Artisan disclaims any
obligation to update or correct the information contained in this press release
as a result of financial, business or any other developments occurring after the
date of the release.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS), headquartered in Mountain View,
California, creates leading electronic design automation (EDA) tools for the
global electronics market. The company delivers advanced design technologies and
solutions to developers of complex integrated circuits, electronic systems, and
systems on a chip. Synopsys also provides consulting and support services to
simplify the overall IC design process and accelerate time to market for its
customers. Visit Synopsys at http://www.synopsys.com.
About Artisan Components
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Artisan Components, Inc., (Nasdaq: ARTI) is a world leader in
intellectual property (IP) components, providing high quality solutions for many
of the world's leading semiconductor foundries, integrated device manufacturers,
ASIC vendors and IC design teams. Founded in 1991, Artisan's Process-Perfect(TM)
memory generators, standard and I/O cells are optimized to achieve the full
speed, density and low-power potential of each semiconductor process. Each
product is verified using the industry's most comprehensive QA and validation
procedures and delivered ready-to-use with a complete set of views and models
supporting leading design tools. Artisan's headquarters are located at 1195
Bordeaux Drive, Sunnyvale, CA 94089-1201. World Wide Web address:
http://www.artisan.com.
