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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 that Jason Schmitt, General Manager of the Software Integrity Group, will present at the Berenberg Thematic Software Days Conference on June 17, 2021. The event starts at 4:00 p.m. BST (8:00 a.m. PDT) and will be streamed live on the Synopsys corporate website. A replay will be available about an hour after the live event.
Synopsys is known for its leadership in electronic design automation and semiconductor IP, offering a wide range of application security testing tools.
On June 8, 2021, Synopsys (NASDAQ: SNPS) announced the acquisition of Code Dx, enhancing its application security risk management capabilities. This acquisition allows Synopsys to provide consolidated risk reporting across over 75 third-party security products. Code Dx, previously part of the Synopsys Technology Alliance Partner program, adds valuable R&D expertise in vulnerability correlation. The terms of the deal remain undisclosed but are deemed non-material to Synopsys' financials, and it is expected to optimize security testing processes for customers.
Synopsys (Nasdaq: SNPS) has launched its new DesignWare Die-to-Die Controller IP, enhancing the company's existing 112G USR/XSR PHY IP for a comprehensive die-to-die IP solution. This technology supports low-latency, high-bandwidth connectivity essential for high-performance computing and AI demands. The controller features advanced error recovery mechanisms and flexibility for integration with Arm's Neoverse network. Available for early adopters, the solution aims to streamline SoC designs with ultra-low latency and robust connectivity, addressing modern workload challenges.
Synopsys, Inc. (Nasdaq: SNPS) announced that CFO Trac Pham will present at the Baird Global Consumer, Technology and Services Conference on June 8, 2021, at 4:20 p.m. ET. The event will be streamed live on the Synopsys corporate website. A replay of the presentation will be available about an hour after the event concludes. Synopsys is a leader in electronic design automation and semiconductor IP, offering a wide range of solutions for SoC designers and software developers.
Synopsys (Nasdaq: SNPS) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Application Security Testing for the fifth consecutive year. The evaluation, which focused on the ability to execute and completeness of vision, placed Synopsys highest for execution and furthest right for vision. The report highlights the growing demand for security solutions that integrate seamlessly into development processes. Synopsys has introduced several new offerings, including the Intelligent Orchestration solution, designed to enhance application security in DevOps environments.
On June 1, 2021, Synopsys (Nasdaq: SNPS) announced that its DesignWare IP solutions have achieved significant adoption in the semiconductor industry, enabling first-pass silicon successes for over 20 major customers using TSMC's N5 process. This solution helps clients with stringent power, performance, and area requirements across various sectors, including automotive and AI. TSMC's collaboration with Synopsys showcases the value of their high-quality IP, allowing designers to efficiently bring products to market while minimizing integration risks.
Synopsys, Inc. (Nasdaq: SNPS) announced the launch of its DesignWare PVT monitoring and sensing subsystem IP optimized for TSMC's N3 process technology. This innovative subsystem addresses critical performance and power challenges in AI, HPC, consumer, and 5G markets. It provides real-time insights into chip performance and power activity, essential for advanced semiconductor designs. The subsystem is part of Synopsys' Silicon Lifecycle Management platform and features a modular design with advanced thermal sensors, enhancing chip reliability and optimization.
Synopsys has announced certification of its digital and custom design solutions for TSMC's 3nm process technology. This achievement comes after extensive collaboration focusing on optimizing power, performance, and area (PPA) for applications in high-performance computing, mobile, 5G, and AI. The certification confirms that Synopsys' tools can effectively meet the design needs associated with TSMC's latest technology, helping customers achieve greater design success and efficiency. This announcement underlines the strong partnership between Synopsys and TSMC.
On May 25, 2021, Synopsys (SNPS) announced significant advancements with early adopters of Arm's Cortex CPUs and Mali GPUs, utilizing the Fusion Design Platform. This initiative enhances power-performance-area (PPA) targets and accelerates tape-out success. The Verification Continuum Platform further streamlines software development for Arm-based designs, while the DesignWare Interface IP portfolio supports swift development of SoCs for consumer applications. Through these collaborations, Synopsys aims to optimize performance and efficiency in next-generation devices leveraging Arm's architectural innovations.
Synopsys reported second quarter fiscal 2021 revenue of $1,024.3 million, a significant increase from $861.3 million in the same period last year. Net income on a GAAP basis rose to $195.1 million or $1.24 per share, compared to $109.9 million or $0.71 per share in Q2 2020. Non-GAAP net income also increased to $267.1 million or $1.70 per share. The company raised its fiscal 2021 revenue, non-GAAP earnings, and operating margin targets, driven by strong market demand and innovative technology advancements.
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