Synopsys Inc - SNPS STOCK NEWS

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.

Synopsys has announced a new stock repurchase program, authorizing the purchase of up to $1 billion of its common stock. This initiative replaces a prior program initiated in 2002 and reflects the company's commitment to enhance long-term shareholder value. CFO Trac Pham stated that the program demonstrates their strategic investment approach, aiming to balance growth and margin expansion while returning capital to shareholders. The buyback program may be modified or suspended at the discretion of the Board or executives, without any obligation to acquire specific amounts of stock.