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Exclusive | Activist Elliott Builds Big Stake in Chip-Design Software Maker Synopsys

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Activist investor Elliott Investment Management has a multibillion-dollar investment in Synopsys SNPS -1.85%decrease; red down pointing triangle, the big chip-design software maker, according to people familiar with the matter.

Elliott plans to engage with Synopsys to push the business to make more money from its software and services, the people said. Synopsys’s customers include Intel, Alphabet and Tesla.

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