Synopsys Inc was incorporated in 1986 in North Carolina and reincorporated in Delaware in 1987. The Company is engaged in the electronic design automation software and related services for semiconductor design companies. It delivers semiconductor design and verification software platforms and integrated circuit manufacturing software products to the electronics market. In addition, it provides intellectual property, system-level design hardware and software products and design services. The products and services of the Company are divided into five common groupings which are Galaxy(tm) Design Platform and Discovery(tm) Verification Platform, Intellectual Property (IP) and System-Level Solutions, manufacturing solutions and professional services. The Company's Galaxy Design Platform provides its customers with a single, integrated IC design solution which includes individual products and which incorporates common libraries and consistent timing, delay calculation and constraints throughout the design process. The Company's Discovery Verification Platform is a portfolio of functional, analog/mixed-signal, formal and low-power verification solutions. Synopsys' IP portfolio includes its IP products and components. The Company offers a portfolio of silicon-proven digital, PHY, analog and verification IP for SoC designs. The Company operates in United States, Europe, Japan and Asia Pacific. The Company is subject to rules and regulations promulgated by a number of governmental and self-regulated organizations, including the SEC, NASDAQ and the Public Company Accounting Oversight Board.