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) drives innovation in electronic design automation (EDA) and semiconductor IP solutions, enabling next-generation chip and system development. This dedicated news hub provides investors and industry professionals with official announcements, strategic updates, and market insights directly from Synopsys leadership.
Comprehensive Coverage: Access timely updates including quarterly earnings reports, product launch details, technology partnerships, and executive commentary. Our curated collection features verified press releases covering critical developments in EDA software advancements, silicon IP licensing agreements, and software security innovations.
Strategic Resource: Track Synopsys' role in shaping semiconductor design trends through acquisitions, R&D milestones, and industry collaborations. Stay informed about developments impacting automotive electronics, AI hardware acceleration, and cloud-based design tools—key growth areas in modern computing infrastructure.
Bookmark this page for immediate access to Synopsys' latest corporate communications and technology announcements. Check regularly for updates that matter to semiconductor investors, engineering professionals, and technology analysts worldwide.
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.
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.
