Intel and Synopsys announced that they have entered into a definitive agreement to expand the companies' long-standing IP (intellectual property) and EDA (electronic design automation) strategic partnership with the development of a portfolio of IP on Intel 3 and Intel 18A for Intel's foundry customers. The availability of key IP on Intel advanced process nodes will create a more robust offering for new and existing Intel Foundry Services (IFS) customers.

"Marking another important step in our IDM 2.0 strategy, this transaction will foster a vibrant foundry ecosystem by allowing designers to fully realize the advantages of Intel 3 and Intel 18A process technologies and quickly bring differentiated products to market," said Stuart Pann, senior vice president and general manager of IFS. "Synopsys brings a strong track record of delivering high-quality IP to a broad customer base, and this agreement will help accelerate the availability of IP on advanced IFS nodes for mutual customers."