The Wall Street Journal reported that Californian company Synopsys will announce it is creating a VC fund for system on a chip designers. Synopsys, which makes tools for chips designs, will put $20 million into the fund. The money will be used to fund start-ups which do not compete with its own business. It already has made investments in other chip companies including Nvidia, Gambit, and Artisan Components. ® Click here for stories