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.
Atomera Incorporated (Nasdaq: ATOM) and Synopsys Incorporated (Nasdaq: SNPS) will jointly host a virtual webinar on March 3, 2022, at 9 a.m. PST, focusing on the benefits of using Atomera's MSTcad™ Toolset for evaluating performance improvements via Mears Silicon Technology™ (MST). The webinar will showcase how MSTcad integrates with Synopsys Sentaurus™ TCAD to model physical and electrical effects of MST, and its role in optimizing dopant profiles and enhancing transistor performance. Registration details are available on Atomera’s website.
On Feb. 16, 2022, Synopsys (SNPS) reported Q1 FY2022 revenue of $1.270 billion, up from $970.3 million year-over-year. The net income reached $313.7 million ($1.99 per diluted share), compared to $162.3 million ($1.03 per diluted share) in Q1 FY2021. Non-GAAP results showed net income of $376.9 million ($2.40 per diluted share). The company returned $250 million to shareholders through stock repurchases and raised its outlook for FY2022, driven by strong demand across product groups and markets.
Synopsys, Inc. (Nasdaq: SNPS) has launched Code Sight™ Standard Edition, a standalone tool that enhances secure software development. This plugin integrates with IDEs, enabling developers to identify and rectify security defects in real-time, thus preventing costly errors later in the software development lifecycle (SDLC). The tool supports rapid scanning through Synopsys' technology and is currently available for Visual Studio Code IDE. A free 30-day trial is offered, allowing developers to quickly implement the solution without disrupting their workflow.
Synopsys (Nasdaq: SNPS) has joined the newly launched Intel Foundry Services (IFS) Accelerator EDA and IP Alliance, enhancing access to Intel's process roadmap and design solutions. This partnership aims to reduce design risks and improve productivity for chip designers in high-performance computing, AI, automotive, and aerospace sectors. The collaboration, part of Intel's IDM 2.0 strategy, leverages Synopsys' proven EDA solutions and IP portfolio to foster innovation and accelerate time-to-market for mutual customers.
Synopsys, Inc. (Nasdaq: SNPS) will report its first quarter fiscal year 2022 results on February 16, 2022, after the market close. A conference call hosted by Aart de Geus and Trac Pham will begin at 2:00 p.m. PT (5:00 p.m. ET). Financial details will be available on their corporate website before the call. A webcast replay will be accessible post-call until the announcement of the second quarter results in May 2022. Synopsys specializes in electronic design automation and semiconductor IP.
Synopsys, Inc. (Nasdaq: SNPS) announced that CFO Trac Pham will present at the 24th Annual Needham Growth Conference on January 12, 2022, at 5:00 p.m. ET (2:00 p.m. PT). A live audio webcast of the fireside chat will be available, along with a replay on the Synopsys investor relations website. As a leader in electronic design automation and semiconductor IP, Synopsys continues to innovate in software security and quality solutions, contributing to the development of advanced electronic products and applications.
On Dec. 22, 2021, Synopsys (Nasdaq: SNPS) announced that Juniper Networks adopted its OptoCompiler™ platform for developing photonic-enabled chips aimed at enhancing optical connectivity in data centers and telecom networks. This adoption aims to optimize Juniper's hybrid silicon and InP optical platform for applications, including AI and LiDAR. OptoCompiler integrates photonic and electronic design tools to expedite design cycles, while OptSim™ offers advanced simulation capabilities, ensuring robust designs. This collaboration may help Juniper lower costs in photonic markets.
On December 16, 2021, Synopsys announced that its SiliconSmart library characterization solution achieved certification from TSMC for the N5, N4, and N3 process technologies. This certification enhances the Synopsys Fusion Design Platform, enabling mutual customers to achieve signoff-quality libraries with optimized throughput. The SiliconSmart solution addresses increased design complexity and supports various applications, including mobile 5G and AI. The collaboration with TSMC ensures faster time-to-market and accurate modeling of timing, noise, and power performance.
Synopsys has announced an accelerated share repurchase (ASR) agreement with HSBC Bank USA to buy back $200 million of its stock. The initial delivery will involve approximately 443,000 shares, with final settlement expected by February 14, 2022. This move is aimed at enhancing shareholder value, though the exact number of shares repurchased will depend on the stock's daily volume-weighted average prices during the period. Synopsys operates in electronic design automation and provides extensive application security tools.
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