Synopsys and Juniper Networks formed a new company.

Synopsys, a provider of tools used in the design of an application-specific integrated circuit, and Juniper Networks, a provider of networking products, including routers, switches, network management software, network security products, and software-defined networking technology, formed a new company to provide the industry with an open silicon photonics platform. Financial terms were not disclosed. "Silicon photonics is a rapidly growing market that is transforming many industries and creating exciting opportunities for new applications in the future. The new company's open silicon photonics platform, combined with Synopsys' existing investment in a unified electronic photonic design automation solution consisting of OptoCompiler, OptSim, PrimeSim, Photonic Device Compiler and IC Validator products, will help reshape the optical computing industry, enabling companies to cost-effectively shift to integrated lasers and significantly accelerate development of photonic IC designs," Sassine Ghazi, Synopsys President and COO.