Parties Settle All Current Mentor Graphics Patent Litigation

PLANO, Texas, July 3, 2018 — (PRNewswire) —  Siemens PLM Software and Synopsys, Inc. (NASDAQ: SNPS) today announced that they have agreed to collaborate on a wide range of electronic design automation (EDA) product interoperability projects for the benefit of their mutual customers. The collaboration spans a number of EDA domains from design to verification.

"With the increasing complexity in electronics driven by AI, automotive, industrial and other high-impact markets, semiconductor and systems companies are grappling with design challenges from the roots of silicon all the way up to the application software," said Aart de Geus, chairman and co-CEO of Synopsys. "We look forward to working with Siemens to provide increasingly powerful EDA and related solutions to our mutual customers." 

"Our customers are rapidly adopting electronic design automation as part of their digitalization strategy. Interoperability is a critical aspect of enabling customers not only in EDA but in the broader context of system development," stated Tony Hemmelgarn, CEO of Siemens PLM Software. "Siemens is very committed to EDA and we are looking forward to our interoperability partnership with Synopsys."

In addition, Synopsys and Siemens have settled all outstanding patent litigation between Synopsys and Mentor Graphics. The settlement includes mutual seven-year patent cross-licenses between Synopsys and Siemens, and between Synopsys and Mentor Graphics.

Siemens PLM Software, a business unit of the Siemens Digital Factory Division, is a leading global provider of software solutions to drive the digital transformation of industry, creating new opportunities for manufacturers to realize innovation. With headquarters in Plano, Texas, and over 140,000 customers worldwide, Siemens PLM Software works with companies of all sizes to transform the way ideas come to life, the way products are realized, and the way products and assets in operation are used and understood.  For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

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SOURCE Siemens

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Company Name: Siemens, Synopsys, Inc., Siemens PLM Software, Mentor Graphics Suzanne Graham, Phone: +1 503 685 7789, E-mail: Email Contact Web: http://www.siemens.com Financial data for Siemens, Synopsys, Inc., Siemens PLM Software, Mentor Graphics