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 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.
Synopsys, Inc. (Nasdaq: SNPS) has been awarded the Customers' Choice Award for a technical paper presented at the TSMC 2020 North America Open Innovation Platform Ecosystem Forum. The paper, titled "5nm Node Enablement and Maximizing QoR Using Fusion Compiler," was developed by Henry Sheng and recognized based on attendee votes. TSMC officials expressed appreciation for Synopsys' commitment to sharing expertise and collaboration in advancing silicon innovations for markets like 5G and automotive. This recognition underscores Synopsys' contribution to the TSMC ecosystem and its innovative solutions.
Synopsys (Nasdaq: SNPS) announces its collaboration with Microsoft on the Rapid Assured Microelectronics Prototypes (RAMP) program. This partnership aims to develop integrated circuit hardware prototypes that ensure security in design and manufacturing within Microsoft Azure. The RAMP initiative seeks to enhance semiconductor innovation for government applications, allowing for trusted design and verification solutions. Additionally, Synopsys is also collaborating with the U.S. Government to enhance security in integrated circuit devices through the Automatic Implementation of Secure Silicon (AISS) program.
Synopsys (Nasdaq: SNPS) will announce its first quarter fiscal year 2021 results on Feb. 17, 2021, after market close. A conference call featuring Aart de Geus and Trac Pham will commence at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Financial information will be available on their corporate website prior to the call, and a live webcast will also be offered. A replay of the conference call will be accessible from 4:00 p.m. PT on the same day until the announcement of the second quarter results in May 2021.
Synopsys, Inc. (Nasdaq: SNPS) has demonstrated silicon proof of its DesignWare 112G Ethernet PHY IP in a 5nm FinFET process. This technology enhances performance, power efficiency, and area optimization for system-on-chip (SoC) designs. The DesignWare 112G PHY boasts zero bit-error rate in channels over 40dB, with power efficiency below five picojoules per bit. Synopsys combines this innovation with comprehensive support, including routing feasibility studies and signal integrity models, providing a robust solution for high-performance cloud computing applications.
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