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, 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.
Synopsys has launched Euclide, a next-generation integrated development environment (IDE) that enhances hardware description language (HDL) coding. It enables early bug detection and optimizes design compliance checks during SystemVerilog and UVM development. Key features include real-time checks, integration with Verdi, and support for VCS simulation, improving overall code quality and engineering efficiency. The solution is currently available and aims to address the growing complexity in system-on-chip designs.
Synopsys, Inc. (Nasdaq: SNPS) has launched the ZeBu® Empower emulation system, the first power-aware solution for multi-billion gate designs, aimed at facilitating hardware-software power verification. This technology allows for rapid iterations of power profiling, enhancing the design cycle efficiency and reducing risks associated with post-silicon power analysis. Key partnerships include collaborations with AMD and SiMa.ai, demonstrating significant advancements in pre-silicon power analysis capability.
Synopsys, Inc. (Nasdaq: SNPS) announced that its co-CEO Aart de Geus will be speaking at the 2021 Virtual Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 9:30 a.m. PT (12:30 p.m. ET). The event will be available for live streaming on the Synopsys corporate website. A replay of the presentation will be accessible about an hour after the live event and will remain available for six months.
Synopsys (Nasdaq: SNPS) announced certification of its IC Validator physical verification solution by Samsung Foundry for advanced 5-nanometer and 4nm technologies. This solution is part of Synopsys' Fusion Design Platform and Custom Design Platform, enhancing productivity and accuracy in chip design. The technology facilitates quick DRC checks and supports complex designs with numerous rules and operations. According to Samsung's Jongwook Kye, the IC Validator is crucial for achieving silicon success in demanding applications.
Synopsys, Inc. (SNPS) reported strong results for Q1 FY2021, with revenue of $970.3 million, up from $834.4 million in Q1 FY2020. The company achieved net income of $162.3 million (GAAP) or $1.03 per share, and $239.5 million (non-GAAP) or $1.52 per share, reflecting growth across its segments. Synopsys initiated a $250 million stock repurchase and reaffirmed its full-year outlook, anticipating revenue surpassing $4 billion and non-GAAP EPS growth in the low-to-mid teens.
Synopsys (Nasdaq: SNPS) announced that CFO Trac Pham will present at the Virtual KeyBanc Capital Markets 2021 Emerging Technology Summit on February 23, 2021, at 3:25 p.m. ET. The event will be streamed live on the Synopsys corporate website, with a replay available after the live event for four months. Synopsys is a leader in electronic design automation and semiconductor IP, offering tools for secure software applications and advanced semiconductor designs.
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