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 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.
Synopsys (Nasdaq: SNPS) announced the expansion of its Technology Alliance Partner (TAP) program at the RSA Conference, showcasing integrations between its Intelligent Orchestration solution and tools from partners like CloudBees and GitHub Actions. The TAP program simplifies integration of application security solutions for over 40 DevOps vendors, allowing automated security controls within existing toolchains. Recognized by Gartner and Forrester, Synopsys aims to enhance application security while maintaining development velocity through these partnerships.
Synopsys, Inc. (Nasdaq: SNPS) announced that CFO Trac Pham will present at the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 2:10 p.m. ET. The presentation can be accessed via live webcast through the Synopsys corporate website. A replay will be available one hour after the event and will remain accessible for 30 days. Synopsys is a leader in electronic design automation and offers a comprehensive portfolio for software applications and semiconductor development.
Synopsys, Inc. (Nasdaq: SNPS) announced transformative advancements in emulation technology with the introduction of the ZeBu EP1, the first 10 MHz emulation solution, and ZeBu Empower, a power-aware emulation system. These innovations boost performance in hardware and software verification for complex system-on-chips (SoCs) across various sectors including HPC, 5G, AI, and automotive. The enhancements include a significant emulation throughput gain and tools designed for multi-billion gate designs, underscoring Synopsys' leadership in verification hardware.
Synopsys, Inc. (Nasdaq: SNPS) announced that Xsight Labs has adopted its ZeBu® Server 4 emulation solution for the validation of the X1 intelligent networking switch processor. The ZeBu Server 4 offers 7 billion gate cloud capacity, enhancing Xsight Labs' pre-tapeout validation processes. With the ability to run extensive networking tests, the solution facilitates full system software driver development. The ZeBu platform is noted for its speed, offering 2X performance compared to competitors, while consuming significantly less power.
Synopsys, Inc. (Nasdaq: SNPS) will release its second quarter fiscal year 2021 results on May 19, 2021, after market close. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) featuring Aart de Geus and Trac Pham.
Financial information will be available on their website prior to the call. A live webcast is also accessible, with replays available starting at 4:00 p.m. PT on the same day until the announcement of third quarter results in August 2021.
Synopsys, Inc. (Nasdaq: SNPS) announced that Nanya Technology has adopted the Synopsys Custom Design Platform to enhance its memory design capabilities. This transition from incumbent tools aims to streamline Nanya's design flow and improve productivity in high-growth sectors including mobile and automotive applications. Nanya reports multiple successful memory design tapeouts using Synopsys solutions, which promise faster results compared to legacy systems. Synopsys continues to expand its influence in semiconductor design, reflecting a growing trend among companies to utilize its advanced EDA solutions.
On May 4, 2021, Synopsys (Nasdaq: SNPS) announced the completion of its acquisition of MorethanIP, enhancing its DesignWare® Ethernet Controller IP portfolio. This acquisition introduces Ethernet Digital Controller IP capable of supporting data rates from 10G to 800G, including MAC and PCS for 200G/400G and 800G Ethernet. The deal strengthens Synopsys' low-latency, high-performance solutions for networking, AI, and cloud computing SoCs. Although financial terms were not disclosed, the acquisition adds a skilled R&D team with extensive industry experience.
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