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) announced a collaboration with Samsung Foundry to deploy its IC Validator physical verification technology on the Samsung SAFE Cloud Design Platform. This partnership enables significant compute resource savings up to 30% and faster physical signoff for designers targeting advanced process nodes. Leveraging high-performance computing from Rescale and Microsoft Azure, the IC Validator enhances productivity, offering advanced distributed processing technologies. The solution addresses challenges in physical verification closure, which can impact product profitability.
On April 5, 2021, Synopsys (Nasdaq: SNPS) announced the launch of its HAPS®-100 prototyping system, which aims to enhance software development and system validation for complex SoCs. Key features include a performance range of 20-50 MHz and up to 500 MHz for interface IP, alongside improved debug productivity and enterprise scalability through HAPS Gateway software. This innovation responds to the increasing demand for faster, more efficient prototyping tools to help electronics companies speed up time-to-market amidst growing complexity in semiconductor design.
Synopsys (Nasdaq: SNPS) announced an accelerated share repurchase (ASR) agreement with Mizuho Markets Americas LLC to repurchase $100 million of its stock. This initiative involves an initial delivery of approximately 315,000 shares, with the final number of shares repurchased depending on the average daily volume-weighted share prices during the repurchase period, scheduled for completion by May 14, 2021. The company aims to enhance shareholder value through this buyback program.
Synopsys has been officially designated as a CVE Numbering Authority (CNA) by the CVE Program, allowing its Software Integrity Group to assign CVE identifiers for newly discovered vulnerabilities. This status enhances Synopsys's ability to publish timely and accurate vulnerability information. The company aims to improve security within the open-source community through its Cybersecurity Research Center. This advancement positions Synopsys alongside notable companies like Google and Microsoft as a key player in application security, fostering transparency in vulnerability disclosure.
Synopsys, Inc. (Nasdaq: SNPS) released a report highlighting significant security vulnerabilities in popular mobile apps, revealing that 63% of 3,335 analyzed apps contained open source components with known vulnerabilities. The report, produced by the Synopsys Cybersecurity Research Center, indicates an average of 39 vulnerabilities per vulnerable app, with over 3,000 unique vulnerabilities identified. Notably, 94% of these vulnerabilities have documented fixes. The analysis underscores a critical need for improved mobile app security due to increased reliance on mobile apps during the pandemic.
Synopsys (Nasdaq: SNPS) announced a collaboration with Keysight Technologies to enhance RF SoC design, integrating Keysight's RFPro with Synopsys's Custom Compiler.
This partnership facilitates a streamlined design flow for 5G systems, allowing for efficient electromagnetic (EM) analysis, thereby improving productivity and accelerating time-to-market. CoreHW has already deployed this solution to meet complex design requirements for advanced RF chips, bolstering performance and optimizing power consumption.
Synopsys, Inc. (Nasdaq: SNPS) has launched the industry's first comprehensive IP solution for PCI Express 6.0, which includes a controller, PHY, and verification IP. This solution supports the latest PCIe 6.0 features, enhancing throughput and energy efficiency for SoC designs. The low-latency controller, leveraging a MultiStream architecture, delivers up to twice the performance of conventional designs. Additionally, the advanced PHY IP reduces power consumption by 20%. Early access for the controller and PHY is expected in Q3 2021, with the verification IP available now.
On March 16, 2021, MilliporeSigma, Akamai Technologies (AKAM), Synopsys (SNPS), and Uber (UBER) signed significant power purchase agreements with Enel Green Power for a combined 111 MW of renewable energy from the Azure Sky wind project in Texas. This aggregation deal allows companies with smaller energy needs to jointly procure renewable energy, promoting sustainability goals. MilliporeSigma will source 68 MW, Akamai 18 MW, Synopsys 15 MW, and Uber 10 MW of the total capacity. The project aims to generate approximately 430,000 MWh annually, equivalent to the energy consumption of about 40,000 US homes.
Synopsys, Inc. (Nasdaq: SNPS) announced a strategic partnership with Rockley Photonics to enhance silicon photonics design for sensing and datacom applications. Rockley will utilize Synopsys' Photonic Solutions, including OptoCompiler™, to design photonic devices, create process design kits, and tape out photonic ICs. This collaboration aims to improve design efficiency and accuracy, aligning with Rockley's growth in integrated optical components across healthcare and data communications. The partnership solidifies a long-term relationship focused on innovation in integrated photonics.
Synopsys, Inc. (Nasdaq: SNPS) announced that Kyocera Document Solutions achieved first-pass silicon success for its new multifunction product System on Chip (SoC) using Synopsys' DesignWare ARC EV6x Processor IP and MetaWare EV Development Toolkit. This SoC integrates AI capabilities such as super resolution and supports various convolutional neural networks, enhancing performance for vision applications. The collaboration highlights Synopsys' advanced technology, enabling faster product development and reduced risks for companies like Kyocera.
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