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) 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.
Synopsys (Nasdaq: SNPS) announced the extension of its OptoCompiler support for GlobalFoundries' GF Fotonix platform, the first to integrate 300mm photonics with RF-CMOS on a single chip. This partnership aims to enhance efficiency in designing photonic ICs, addressing high data demands and power consumption in modern data centers. The OptoCompiler solution promises to streamline design processes with advanced simulation tools, improving turnaround times for customers and expediting product market entry. Synopsys will showcase this integration at the Optical Fiber Communications Conference in San Diego.
On March 1, 2022, Synopsys (Nasdaq: SNPS) announced upcoming presentations for investors. The events include the Morgan Stanley Technology, Media & Telecom Conference on March 8 at 11:30 a.m. PT featuring Aart de Geus, chairman and co-CEO, and the KeyBanc Emerging Technology Summit on March 9 at 9:30 a.m. PT with Trac Pham, chief financial officer. Both presentations will be available via live audio webcast and replay on the Synopsys corporate website. Synopsys is a leader in electronic design automation and semiconductor IP.
Synopsys has announced an accelerated share repurchase (ASR) agreement with Wells Fargo Bank to buy back $200 million worth of its stock. The initial delivery will include approximately 520,000 shares, with further adjustments based on the average market price during the repurchase period. This strategic move aims to enhance shareholder value while navigating market conditions that could impact stock price fluctuations. Settlement is expected by May 13, 2022.
Synopsys, Inc. (Nasdaq: SNPS) will have John Koeter, senior vice president of marketing and strategy, present at the Berenberg Thematic Software Conference on March 1, 2022, at 12:00 p.m. ET (9:00 a.m. PT). The event will feature a live audio webcast, with a replay available afterward. The webcast can be accessed via the Synopsys corporate website. As a leader in electronic design automation and semiconductor IP, Synopsys supports companies in developing innovative electronic products.
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.
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