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 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.
Synopsys has launched the DesignWare Integrity and Data Encryption (IDE) Security Modules to enhance data protection for SoCs using PCI Express 5.0 and CXL 2.0 architectures. These modules feature AES-GCM algorithms for efficient encryption, decryption, and authentication, ensuring data confidentiality for high-performance systems. They are pre-verified with DesignWare Controller IP, facilitating rapid integration with reduced risk. The modules comply with both PCIe 5.0 and CXL 2.0 standards, supporting the secure design of advanced cloud and HPC systems.
On January 19, 2021, Synopsys (Nasdaq: SNPS) announced that Sondrel has adopted its Fusion Design and Verification Continuum platforms to enhance design and verification processes for complex system-on-chip (SoC) designs across various applications, including automotive and AI. This collaboration aims to improve design efficiency and quality, enabling Sondrel to produce power-efficient architectures. Their decision was influenced by Synopsys' proven record of power-efficient designs and overall performance metrics.
Synopsys (Nasdaq: SNPS) and Socionext have announced a collaboration to enhance the use of Synopsys' DesignWare HBM2E IP, aimed at improving memory throughput for AI and high-performance computing applications. The HBM2E IP operates at 3.6 Gbps and supports advanced SoC requirements, delivering an aggregated bandwidth of 460 GB/s. This integration allows Socionext to develop high-performance chips with competitive power efficiency, currently using 5-nm FinFET technology. The availability of Synopsys' HBM2/2E IP spans from 16-nm to 5-nm processes.
Synopsys, a leader in electronic design automation, announced that CFO Trac Pham will present at the 23rd Annual Needham Growth Conference on January 11, 2021, at 1:15 p.m. ET. The event will feature a live audio webcast available on the Synopsys investor relations website, where a replay will also be accessible post-event. This conference provides an opportunity for investors to gain insights into Synopsys, the 15th largest software company globally, and its innovations in semiconductor IP and software security.
Synopsys has published a report revealing that the cost of poor software quality in the US reached $2.08 trillion in 2020, including software failures and technical debt. Key findings indicate that operational failures account for $1.56 trillion, an increase of 22% since 2018. Unsuccessful development projects contributed $260 billion, rising by 46%, while legacy software issues amounted to $520 billion. The report underscores the need for enhanced software quality amid rising cyber threats and offers recommendations for improvement.
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?
