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) will unveil its new Intelligent Orchestration application security automation solution during the RSA Conference on May 17-20, 2021. This solution enhances security testing within development workflows to improve speed and efficiency. By intelligently determining the necessary security tests based on application changes and risk policies, it optimizes security without overwhelming developers. Key benefits include seamless pipeline integration, risk-based testing, and automated reporting, aimed at addressing challenges faced by organizations integrating security into DevOps.
Synopsys, Inc. (Nasdaq: SNPS) has announced the expansion of its Software Integrity Group's partner program, led by new vice president Tom Herrmann. This initiative aims to enhance customer access to application security products by growing its global channel partner network. The company expects to double partner revenue in 2021 while restructuring operations for further growth in 2022. Herrmann's leadership, alongside successful initial partner relationships, positions Synopsys for accelerated growth, focusing on profitability and ease of collaboration for partners.
Synopsys (Nasdaq: SNPS) announced the deployment of its Fusion Compiler by Arm, enhancing power, performance, and area (PPA) for Arm Neoverse V1 and N2 cores. The Fusion Compiler utilizes a unique single data model and hyper-converged optimization to facilitate quick design closure and bring-up for system-on-chip (SoC) applications in data centers, high-performance computing, 5G, and AI. This collaboration promises improved architecture for hyperscale computing and cloud workloads, ensuring faster design processes and optimized results.
Synopsys (NASDAQ: SNPS) has expanded its strategic collaboration with Arm to enhance design and verification solutions for Arm-based system-on-chips (SoCs), notably the Neoverse V1 and N2 platforms. This partnership focuses on improving performance, interoperability, and compliance for high-performance computing and AI applications. Key features include access to Synopsys’ DesignWare Interface IP portfolio and enhanced optimization tools, facilitating faster time-to-market for Arm-powered products. This announcement supports the ongoing transition of Arm into the high-performance computing and data center markets.
Synopsys has announced the launch of PrimeLib, a library characterization and validation solution designed to expedite the design of system-on-chip (SoC) products at advanced nodes. This innovation integrates PrimeSim simulation technology and advanced machine learning, achieving a 4X reduction in turnaround time for library characterization. It supports over 120,000 parallel jobs, significantly scaling performance for demanding applications such as 5G and AI. The solution also addresses the complexities of process corners and reliability modeling, enhancing business productivity.
Synopsys has launched the PrimeSim Continuum solution, enhancing circuit simulation for hyper-convergent designs. This unified workflow combines advanced SPICE and FastSPICE technologies, achieving 10X faster simulations while ensuring accuracy. The solution integrates key engines like PrimeSim SPICE and PrimeSim Pro, facilitating seamless analysis and improved productivity. Available now, it addresses the complexities of modern SoCs, especially for memory and digital designs, optimizing CPU and GPU resources.
Synopsys has partnered with Renesas to implement the DSO.ai design system aimed at enhancing automotive chip design efficiency. Utilizing advanced reinforcement learning technology, DSO.ai autonomously optimizes chip designs, focusing on performance-power-area (PPA) metrics. This collaboration promises to improve productivity within Renesas' design teams, enabling them to explore larger design options and accelerate product timelines. Synopsys emphasizes its commitment to innovation and leadership in AI design technology, showcasing DSO.ai's effectiveness in achieving better solutions in a significantly reduced timeframe.
Synopsys (Nasdaq: SNPS) launched the DesignWare tRoot Hardware Secure Module and ARC SEM130FS Safety and Security Processor IP solutions, designed to meet ASIL B and ASIL D compliance for automotive systems-on-chips (SoCs). These products feature enhanced security mechanisms to counteract malicious attacks and random hardware faults, critical for advanced driver-assistance systems (ADAS), telematics, and industrial SoCs. Availability is set for Q2 and Q3 2021, aiding designers in achieving ISO 26262 compliance and ensuring data protection in connected vehicles.
Synopsys, Inc. (Nasdaq: SNPS) released the 2021 Open Source Security and Risk Analysis (OSSRA) report, based on audits of over 1,500 codebases. It reveals that open source software is prevalent in various industries, but poses significant risks. Key findings include:
- 100% of marketing tech codebases had vulnerabilities.
- 91% of codebases contained abandoned open source components.
- 85% had outdated dependencies, leading to security risks and technical debt.
Overall, the OSSRA report highlights critical security issues that businesses must address to manage open source risks effectively.
Synopsys, Inc. (Nasdaq: SNPS) has signed a definitive agreement to acquire MorethanIP, enhancing its DesignWare® Ethernet Controller IP portfolio. This acquisition includes high-performance IP supporting 200G, 400G, and 800G Ethernet, addressing the growing demand for low-latency solutions in cloud computing and networking. The deal, expected to close in May 2021, is not material to Synopsys' financials. The addition of experienced R&D engineers from MorethanIP is anticipated to strengthen Synopsys' capabilities in Ethernet IP solutions.
FAQ
What is the current stock price of Synopsys (SNPS)?
What is the market cap of Synopsys (SNPS)?
What is Synopsys Inc. known for?
Where is Synopsys headquartered?
What recent products has Synopsys launched?
What major collaborations has Synopsys entered into?
What are Synopsys's financial highlights for 2024?
What strategic moves has Synopsys made recently?
How does Synopsys support software developers?
How long has Synopsys been in business?
How does Synopsys contribute to the semiconductor industry?
What are some key features of Synopsys's latest products?
