Synopsys Inc - SNPS STOCK NEWS

Synopsys, Inc. (Nasdaq: SNPS) has launched its Code Sight™ Standard Edition for IntelliJ IDE, enhancing its toolset aimed at identifying security vulnerabilities in source code and open source dependencies. This standalone plugin, previously available for Visual Studio Code, allows developers to detect and resolve security issues in real time, improving software security while minimizing downstream costs. As IntelliJ ranks high among popular IDEs with 28% user adoption, this move expands Synopsys' market potential. A 30-day free trial is available to developers.

Synopsys (Nasdaq: SNPS) announced successful tapeouts using its digital and custom design flows, certified for Samsung Foundry's advanced 3nm process technology. This partnership allows customers to achieve approximately 50% reduced power, 30% improved performance, and 30% smaller area compared to the previous 5nm process. The collaboration focuses on enhancing power, performance, and area metrics essential for mobile, high-performance computing, and AI applications, utilizing machine learning capabilities for efficient chip design workflows.

Synopsys, Inc. (Nasdaq: SNPS) will host a Synopsys Spotlight webcast for investors on October 4, 2022, from 1:00 p.m. to 1:45 p.m. ET. Jason Schmitt, GM of the Software Integrity Group, will discuss market dynamics and the solutions portfolio, followed by a Q&A session. The live event can be accessed via Synopsys' investor relations website. Attendees are encouraged to register at least 10 minutes prior to the start. A replay will be available approximately 30 minutes after the conclusion of the webcast.

Synopsys, Inc. (Nasdaq: SNPS) has launched a new streaming fabric technology that dramatically enhances silicon health monitoring by reducing data access and test time by up to 80% while minimizing power consumption. This innovation is part of Synopsys' Silicon Lifecycle Management solutions and aims to streamline the testing and analysis processes for complex designs. With a plug-and-play architecture, the streaming fabric offers a flexible approach to data transport, improving overall chip reliability and uptime, crucial for mission-critical applications.

Synopsys (Nasdaq: SNPS) released the BSIMM13 report, showing a 51% increase in activities aimed at securing open source components and a 48% rise in integrating security into developer toolchains over the past year. The report highlights a 95% increase in collaboration between security teams and operations to protect non-application software. These trends indicate a significant maturing of software security practices among BSIMM member organizations, emphasizing a comprehensive, automated approach to risk management throughout the software development lifecycle.

Synopsys has launched the ZeBu EP1, the first unified hardware system for emulation and prototyping, designed to enhance SoC verification and software development. This system offers a significant boost in flexibility and performance, allowing teams to utilize a single hardware platform throughout the chip development cycle. The ZeBu EP1 system supports 19-MHz emulation and 100-MHz prototyping, accelerating project timelines with faster compile times, reducing turnaround by up to 3x. It also offers extensive connectivity options for complex software stacks, addressing the growing needs of the semiconductor industry.

Synopsys, Inc. (Nasdaq: SNPS) announced an increase in its stock repurchase program, authorizing the purchase of up to $1.5 billion of its common stock. This move reflects the company's commitment to enhancing shareholder value while balancing strategic investments to foster business growth. CFO Trac Pham emphasized the importance of sustainable long-term value for shareholders. The repurchase program is discretionary and may be suspended or terminated at any time by the company's executives.

Synopsys has announced an accelerated share repurchase agreement (ASR) with Bank of America to buy back $240 million of its stock. The initial delivery will be around 535,000 shares, with final settlements expected by November 18, 2022. This buyback aims to enhance shareholder value and reflect the company’s strong market position in electronic design automation. Investors should monitor the impact of Synopsys’ stock price fluctuations during the repurchase period, as it will determine the total shares repurchased.

Synopsys has partnered with Inclusively, a workforce inclusion platform, to enhance its recruitment of candidates with disabilities. This initiative aims to tap into the underemployed disabled community in the U.S., which comprises over 60 million individuals. Inclusively's technology helps streamline the hiring process by providing relevant candidate information to hiring teams, enabling an inclusive experience from the start. Synopsys acknowledges that this collaboration will significantly improve access to a previously overlooked talent pool, leading to a more diverse workforce.