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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) announced Samsung Foundry's certification of its PrimeLib unified library characterization and validation solution for advanced 5nm, 4nm, and 3nm process technologies. This solution, vital for high-performance computing, automotive, and AI chipsets, incorporates advanced machine-learning algorithms, enabling up to 5x faster model generation and reducing overall compute costs. Key features include SmartScaling technology and embedded simulation engines, which enhance library performance and expedite chip design workflows. The PrimeLib solution is now available for customers.
Synopsys (Nasdaq: SNPS) has announced a strategic partnership with The Chertoff Group to enhance software security solutions. This collaboration aims to combine application security expertise with cyber risk management to aid clients in cloud migration and digital transformation. Key offerings include timely cyber policy insights, unified threat modeling, and technical validation aligned with business contexts. The partnership highlights the increasing importance of software risk management in overall business risk.
Synopsys has expanded its DesignWare ARC Processor IP portfolio with the launch of the new 128-bit ARC VPX2 and 256-bit ARC VPX3 DSP Processors. These processors leverage the VLIW/SIMD architecture of the 512-bit VPX5, offering up to two-thirds lower power and area consumption. Designed for various embedded applications, the VPX DSPs support functional safety requirements up to ASIL D, making them suitable for IoT, automotive, and industrial systems. Availability for lead customers begins in Q4 2021 and Q1 2022 for safety-enhanced versions.
GlobalFoundries and Synopsys have announced the qualification of two significant reference flows for GF's 22FDX process. One flow, optimized for Amazon Web Services, enhances scalable execution for applications like 5G, edge AI, and IoT, while the other is the first automotive reference flow for ASIL D-compliant designs, expediting time-to-market for safety-critical systems. This collaboration addresses computational demands in design and verification, leveraging cloud infrastructure to accelerate innovation across various SoC applications.
On September 14, 2021, Synopsys announced that NSITEXE achieved ISO 26262 ASIL D certification for its DR1000C parallel processor IP, two months ahead of schedule. Utilizing Synopsys Z01X fault simulation, NSITEXE has developed the industry's first RISC-V processor with vector extension certified for high safety standards critical in automotive applications. This achievement underscores Synopsys's leadership in functional safety verification, supporting customers to enhance system reliability and performance in challenging environments.
Synopsys, Inc. (Nasdaq: SNPS) has appointed Sassine Ghazi as the new president and chief operating officer effective November 1, 2021. Ghazi, who joined the company in 1998 and was previously COO, has had a significant impact on enhancing Synopsys' EDA and IP strategy, customer collaborations, and leadership. Chi-Foon Chan will transition from his co-CEO position in the first half of fiscal 2022, continuing to support the company in a new role. The company's strategy aims to scale revenues to $5 billion and beyond.
Synopsys (Nasdaq: SNPS) announced the adoption of its PrimeSim Reliability Analysis solution by leading semiconductor companies, enhancing reliability analysis for analog and mixed-signal designs. This solution streamlines the assessment process, supporting compliance with standards like ISO 26262. The integration with PrimeSim Continuum offers advanced simulators for various reliability analyses, significantly reducing late-stage engineering changes. With technologies certified by major foundries, the PrimeSim solution aims to elevate the safety and performance of ICs in sectors such as automotive and aerospace.
Synopsys has successfully completed the acquisition of semiconductor and flat panel display solutions from BISTel, enhancing its process control offerings. This acquisition aims to integrate BISTel's advanced engineering systems and AI applications into Synopsys' portfolio, improving manufacturing quality and efficiency in semiconductor fabs. The deal's financial terms remain undisclosed, but it is expected to significantly boost throughput and operational efficiency through the utilization of real-time predictive analysis technologies.
Synopsys, Inc. (SNPS) announced that its CFO, Trac Pham, will be presenting at the D.A. Davidson Software and Internet Conference on September 9, 2021. The conference will be streamed live at Synopsys Investor Relations at 1:30 p.m. ET (10:30 a.m. PT). A replay will be available on their website about an hour after the live presentation. Synopsys is a leader in electronic design automation and semiconductor IP, providing critical tools for companies developing innovative electronic products and software applications.
Synopsys, Inc. (Nasdaq: SNPS) announced an accelerated share repurchase (ASR) agreement with HSBC Bank USA to buy back $175 million of its stock. The initial share delivery is approximately 431,000 shares, with the final number to be settled by November 24, 2021. The ASR will be based on Synopsys' average daily volume-weighted share prices, discounted. This move reflects the company's commitment to enhancing shareholder value through strategic capital allocation.
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