Synopsys in Sale of Processor IP Solutions Business to GlobalFoundries

Cleary Gottlieb is representing Synopsys Inc. (Synopsys) in the sale of its Processor IP Solutions business to GlobalFoundries Inc. (GlobalFoundries).

The transaction was announced on January 14, 2026, and is subject to customary closing conditions, including the receipt of required regulatory approvals. This transaction enhances the focus of Synopsys’ IP business on strengthening its leadership position in interface and foundation IP while pursuing the highest-value, AI-driven opportunities from the cloud to the edge for customers spanning HPC, mobile, automotive, and consumer.

Synopsys (Nasdaq: SNPS) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. Synopsys delivers industry-leading silicon design, IP, simulation and analysis solutions, and design services. The company partners closely with its customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow.

GlobalFoundries is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. GlobalFoundries innovates and partners with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure, and other high-growth markets. With its global manufacturing footprint spanning the U.S., Europe, and Asia, GlobalFoundries is a trusted and reliable source for customers around the world.

For more information, please see the press release.

The Cleary M&A team is led by partners Chris Moore and Kelsey Nussenfeld and includes associates Simone Marcon, Karry-Ann (Kerry) Cornwall, and law clerks Kacey Manlove and Deirdre Ely. Partner Julia Petty and associates Emily Barry, Madeline Hong, and John Greenberg are advising on U.S. executive compensation and employee benefits matters. Senior attorney Loïc Peltzer and associate Myriam Deckmyn are advising on non-U.S. executive compensation and employee benefits matters. Partners Maureen Linch and Meyer Fedida and associate Xiaoyang (Sharon) Wang are advising on U.S. tax matters. Partner Jens Hafemann and associate Jonathan Seebach are advising on non-U.S. tax matters. Partner Daniel Ilan and associates Jaehwan Park, Melissa Faragasso, and Francesca Huth are advising on intellectual property and data privacy matters. Partners Brian Byrne, Chris Cook, Basak Arslan, and associates Clotilde Le Roy, Jeremy Newman, and Christina Tatum, are advising on antitrust matters. Partners Chase Kaniecki and Samuel Chang, and associates B.J. Altvater and Alexi Stocker are advising on FDI and export control matters. Senior attorney James Corsiglia is advising on anticorruption and sanctions matters. Partner J.T. Ho and associate Natalia Rezai are advising on corporate governance matters.