Synopsys Inc - SNPS STOCK NEWS

Clearlake Capital Group and Francisco Partners have completed their acquisition of Synopsys Software Integrity Group, now rebranded as Black Duck Software, Inc. The transaction, valued at up to $2.1 billion, includes a potential $475 million cash payout based on future performance. Jason Schmitt will continue as CEO of the newly independent company, which retains its comprehensive portfolio of application security solutions.

Black Duck aims to help organizations build trust in their software for innovation and business transformation. The company's product lineup includes the Polaris SaaS Platform, Coverity Static Analysis, Black Duck Software Composition Analysis, and other security testing tools. As a standalone entity, Black Duck is positioned to focus on delivering cutting-edge application security solutions to address evolving cybersecurity threats.

Synopsys and TSMC announced their collaboration to enhance EDA and IP solutions for AI and multi-die chip designs on TSMC's advanced N2 and A16 processes. Key advancements include:

• Production-ready AI-driven EDA flows, powered by Synopsys.ai, delivering enhanced results and accelerating design node migration.
• New backside power delivery capabilities on TSMC's A16 for efficient power distribution and system performance.
• Joint efforts with Ansys to address thermal and power integrity challenges using CoWoS interposer packaging.
• Development of 40G UCIe, HBM4, and 3DIO IP on advanced TSMC nodes to optimize latency, power, performance, and area.

Synopsys' AI-driven EDA suite and silicon-proven IP have significantly improved productivity and performance for advanced AI chip designs. The collaboration has also enabled cloud-ready EDA tools for mutual customers, enhancing the design process for multi-die architectures.

Keysight Technologies (NYSE: KEYS) has announced a definitive agreement to acquire Synopsys' Optical Solutions Group, a leading developer of optical design and analysis software tools. This acquisition will expand Keysight's design engineering software portfolio and computer-aided engineering capabilities, adding optical system design, analysis, simulation, and virtual prototyping solutions.

The transaction is subject to customary closing conditions, including regulatory review and the successful closing of Synopsys' proposed acquisition of Ansys, expected in the first half of 2025. This strategic move will enable Keysight to address high-performance system use cases beyond electronics, including optics and photonics, and enhance its ability to help customers innovate efficiently and accelerate time-to-market.

Synopsys has announced a definitive agreement to sell its Optical Solutions Group (OSG) to Keysight Technologies. This sale is contingent on customary closing conditions, including regulatory review, and the successful closing of Synopsys' proposed acquisition of Ansys, expected in the first half of 2025. The OSG sale is deemed necessary for obtaining regulatory approval for the Ansys acquisition.

OSG provides design tools and services for optical product simulations, including CODE V, LightTools, LucidShape, RSoft Photonic Device Tools, and ImSym. These tools will complement Keysight's existing design engineering software portfolio. The transaction is not considered material to Synopsys' financials, and the terms were not disclosed. Synopsys commits to ensuring a smooth transition for the OSG team, customers, and partners.

Synopsys (Nasdaq: SNPS) has launched ImSym – Imaging System Simulator, the industry's first complete virtual prototyping platform for imaging systems. This groundbreaking solution integrates lenses, sensors, and image signal processors into a comprehensive end-to-end simulation platform. ImSym offers:

1. Accelerated development: Reduces time-to-market by up to 60 times compared to traditional methods.
2. Enhanced collaboration: Unified design environment for real-time updates and version control.
3. Accurate simulations: Powered by Synopsys' CODE V and LightTools optical design software.
4. Intuitive interface: Guides users through virtual prototype development.
5. Python integration: Enables process automation and custom workflows.

ImSym is now available worldwide, offering a significant advancement in optical system simulation and design.

Synopsys has announced the industry's first complete UCIe IP solution operating at up to 40 Gbps per pin, addressing the increased compute performance requirements of AI data centers. This solution includes PHY, controller, and verification IP, offering 25% higher bandwidth than the UCIe specification without impacting energy efficiency or silicon footprint. The IP supports both organic substrate and high-density, advanced packaging technologies, providing flexibility for designers.

Key features include:

• Simplified integration with single reference clock
• Silicon health monitoring for enhanced reliability
• Ecosystem interoperability with popular on-chip interconnect fabrics
• Pre-verified design reference flow
• Broad IP solutions for multi-die designs

Synopsys (SNPS) reported strong Q3 FY2024 results, with record quarterly revenue of $1.526 billion, up 13% year-over-year. GAAP earnings per diluted share were $2.73, while non-GAAP EPS reached $3.43, a 27% increase from the previous year. The company expects full-year revenue growth of approximately 15%, driven by strong execution and business momentum.

Synopsys' president and CEO, Sassine Ghazi, highlighted the company's critical role in technology innovation, particularly in AI and silicon-level system performance optimization. CFO Shelagh Glaser noted that the company anticipates non-GAAP EPS growth of about 24% for the full year, along with a two-point expansion in non-GAAP operating margin.

Synopsys (Nasdaq: SNPS) has announced its earnings release date for the third quarter of fiscal year 2024. The company will report results on Wednesday, August 21, 2024, after the market close. A conference call is scheduled for 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss financial results and business outlook. Investors can access financial information and statistical data on the corporate website prior to the call. A live webcast will be available, and participants are advised to join at least 10 minutes before the start. A webcast replay will be accessible from approximately 5:00 p.m. PT on the same day until Synopsys announces its fourth quarter and fiscal year 2024 results in December 2024.

Synopsys (Nasdaq: SNPS) has achieved a significant milestone in automotive security with its ARC® HS4xFS Processor IP receiving ISO/SAE 21434 cybersecurity certification from SGS-TṺV Saar. This certification addresses evolving cybersecurity threats and helps ensure long-term security and reliability of automotive systems. The ARC HS4xFS Processors are also certified to the ISO 26262 standard, meeting ASIL D compliance for safety-critical systems.

Synopsys has also certified its IP development process to ISO/SAE 21434, ensuring a security-first approach throughout the product development lifecycle. This certification is important for automotive OEMs to meet the UN R155 regulation, which mandates the adoption of a cybersecurity management system for new road vehicles. The company plans to continue certifying its broad IP portfolio to help reduce design risk and accelerate time-to-market for safe and robust SoCs in the automotive industry.