Welcome to our dedicated page for Synopsys news (Ticker: SNPS), a resource for investors and traders seeking the latest updates and insights on Synopsys stock.
Synopsys Inc. (NASDAQ: SNPS) is a global leader in electronic design automation (EDA) and semiconductor IP. The company is essential for the development of electronic products and software applications that consumers and industries rely on daily. With its extensive portfolio of advanced silicon design, verification products, and software integrity solutions, Synopsys is at the forefront of innovation in the technology sector.
Founded in 1986 and headquartered in Mountain View, California, Synopsys has grown to become the 15th largest software company in the world. It boasts approximately 113 offices spread across North America, South America, Europe, Japan, Asia, and India. The company’s offerings include comprehensive solutions for system-on-chip (SoC) designers and software developers aiming to meet the highest standards in quality and security.
Synopsys recently announced the availability of its Black Duck® Supply Chain Edition, a software composition analysis offering that helps organizations mitigate upstream risks in their software supply chains. This product is a testament to Synopsys's commitment to security and innovation, providing a full range of capabilities to ensure secure and compliant software development.
Another significant milestone is the introduction of Polaris Assist, an AI-powered application security assistant that combines Large Language Model (LLM) technology with Synopsys’s decades of application security knowledge. This tool aids development teams in understanding and resolving security vulnerabilities more effectively.
Synopsys has also announced a strategic collaboration with Samsung Electronics, achieving a major performance milestone in mobile SoC design. Using Synopsys’s AI-driven EDA suite and extensive IP portfolio, Samsung was able to achieve 300MHz higher performance and 10% lower dynamic power in its high-performance mobile SoCs.
Financially, Synopsys continues to show robust performance. For the second quarter of fiscal year 2024, the company reported revenues of $1.455 billion, a significant increase from $1.263 billion in the same quarter the previous year. This growth is driven by strong operational execution, leading technology, and a resilient business model.
Synopsys is also undergoing a strategic shift, divesting its Software Integrity Group to Clearlake Capital Group and Francisco Partners for up to $2.1 billion. This move is expected to sharpen Synopsys’s focus on its core business of silicon design and EDA solutions, aligning with current technological trends such as artificial intelligence and pervasive intelligence.
With its commitment to innovation and a strong financial foundation, Synopsys continues to lead the industry, offering smart, secure solutions for the era of connected devices.
Synopsys (Nasdaq: SNPS) will report its second quarter fiscal year 2022 results on May 18, 2022, after market close. A conference call led by CEO Aart de Geus and CFO Trac Pham will start at 2:00 p.m. PT. Financial details will be available on their corporate website before the call. A live webcast and replay options will also be accessible. Synopsys, a leader in electronic design automation and semiconductor IP, continues to support innovative electronic and software product development.
Synopsys (NASDAQ: SNPS) has announced its agreement to acquire WhiteHat Security for approximately $330 million in cash. This acquisition aims to enhance Synopsys' application security software-as-a-service (SaaS) capabilities and dynamic application security testing (DAST) technologies. The deal is anticipated to close in Synopsys' fiscal Q3 2022 and is expected to be neutral to FY2022 non-GAAP earnings per share. Both companies share a commitment to integrating security into the software development lifecycle, promising to deliver enhanced value to customers.
Synopsys has been named a Leader in the 2022 Gartner Magic Quadrant for Application Security Testing for the sixth consecutive year. The company ranked highest in both Ability to Execute and Completeness of Vision among 14 evaluated vendors. The report indicates an increasing demand for integrated security testing solutions that align with DevSecOps and cloud-native applications. Synopsys has made significant investments in enhancing its security solutions, including new capabilities for Coverity and Black Duck and the acquisition of Code Dx.
Synopsys has launched the DesignWare ARC NPX6 NPU IP, achieving up to 3,500 TOPS performance, catering to automotive, consumer, and data center applications. This technology boasts an efficiency of 30 TOPS/Watt, with features like 96K MACs and scalability options. The launch includes the MetaWare MX Development Toolkit, which optimizes neural network models. The ARC NPX6FS variant meets ISO 26262 safety standards, enabling safer automotive SoC development. Together, these innovations aim to enhance AI functionalities in increasingly complex applications.
Synopsys (Nasdaq: SNPS) released the 2022 Open Source Security and Risk Analysis (OSSRA) report, analyzing over 2,400 codebases.
Key findings show that 85% of codebases contain open source components more than four years outdated, with 88% using non-updated versions. However, the number of codebases with high-risk vulnerabilities decreased to 49% from 60% last year. License conflicts also dropped to 53%. The report emphasizes the need for better management of open source risks in software supply chains.
Synopsys and Juniper Networks announced a joint venture to establish an open silicon photonics platform, targeting telecom, datacom, LiDAR, healthcare, HPC, AI, and optical computing markets. This new company will provide integrated lasers and photonic components, enhancing performance with lower power consumption. While Synopsys owns a majority share, the investment is expected to be slightly dilutive to fiscal 2022 earnings but won't impact its financial guidance. The venture includes over 200 patents from Juniper and aims to accelerate the adoption of photonic integrated circuits.
Synopsys (Nasdaq: SNPS) has announced that its advanced voltage-timing signoff solution, developed in collaboration with Ansys, has been adopted by Samsung Foundry. This solution enhances energy-efficient design by effectively managing dynamic voltage-drop (DVD) issues, thereby minimizing timing pessimism. It integrates Synopsys PrimeTime® static timing analysis and Ansys RedHawk-SC technologies, resulting in high accuracy and throughput. Samsung Foundry reports significant silicon correlation, indicating effective prevention of timing failures and improved design energy efficiency.
Synopsys (Nasdaq: SNPS) has introduced a groundbreaking cloud-optimized electronic design automation (EDA) model designed to enhance chip and system design flexibility. This pay-as-you-go solution leverages Microsoft Azure's infrastructure, addressing the increasing complexity in chip development. The Synopsys Cloud aims to streamline chip design processes by enabling dynamic scaling of resources, thereby improving productivity, quality, and cost-efficiency. This innovative approach is expected to drive semiconductor innovation and facilitate faster time-to-market for chipmakers.
Synopsys (Nasdaq: SNPS) has launched enhanced interoperability features between CODE V and LightTools, significantly accelerating optical system design. These upgrades allow designers to seamlessly convert surface-based models to solid models, maintaining optical properties throughout. Key benefits include faster development times for augmented reality and other optical systems. The advanced modeling features enable efficient simulations, while the LightTools SmartStart Library aids in material selection, optimizing performance and reducing costs. Both software versions are available for download now for customers with a maintenance agreement.
FAQ
What is the current stock price of Synopsys (SNPS)?
What is the market cap of Synopsys (SNPS)?
What is Synopsys Inc. known for?
Where is Synopsys headquartered?
What recent products has Synopsys launched?
What major collaborations has Synopsys entered into?
What are Synopsys's financial highlights for 2024?
What strategic moves has Synopsys made recently?
How does Synopsys support software developers?
How long has Synopsys been in business?
How does Synopsys contribute to the semiconductor industry?
What are some key features of Synopsys's latest products?
