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 that Amazon Web Services (AWS) has implemented its VCS Fine-Grained Parallelism technology on Arm-based Graviton2 servers. This deployment enhances the development and verification of advanced connectivity technology and system-on-chips (SoCs). The integration allows AWS to handle increased simulation workloads efficiently, providing higher throughput and lower costs for their datacenter chips. Synopsys aims to meet the rising demand for compute power as SoC designs become more complex, enabling faster time-to-market for customers.
Synopsys (Nasdaq: SNPS) has announced an accelerated share repurchase agreement with Mizuho Markets Americas LLC, involving the repurchase of $250 million worth of its stock. As part of this agreement, Synopsys will receive an initial delivery of approximately 824K shares, with the final amount to be settled by April 9, 2021. The exact number of shares repurchased will depend on the stock's average daily volume-weighted price, adjusted for a discount. This initiative reflects Synopsys' commitment to enhancing shareholder value.
Synopsys (Nasdaq: SNPS) has launched LightTools v9.1, enhancing illumination design capabilities. This update includes new tools for modeling LiDAR, AR/VR, and biomedical systems. A key feature is the Distributed Simulation Module, which accelerates complex ray tracing. The update improves the LightTools SOLIDWORKS Link Module, streamlining optomechanical modeling and enhancing design efficiency for engineers. LightTools v9.1 is now available for customers with maintenance agreements.
Synopsys (Nasdaq: SNPS) announced that AImotive is utilizing its VCS simulation and Verdi debug tools as part of the Verification Continuum Platform. These tools will assist AImotive in verifying its aiWare hardware IP for Neural Network acceleration aimed at automated driving applications. AImotive aims to provide OEMs and Tier1s with accelerated development solutions through advanced technologies like aiDrive and aiSim. The integration of Synopsys' tools is expected to enhance regression testing coverage, productivity, and overall project timelines, aligning with rigorous industry standards such as ISO 26262.
Synopsys, Inc. (Nasdaq: SNPS) released its report titled DevSecOps Practices and Open Source Management in 2020, based on a survey of 1,500 IT professionals. The report reveals that 75% of audited codebases have known security vulnerabilities. Respondents noted that it takes 2-3 weeks on average to apply patches, highlighting a reliance on manual processes rather than automated tools. Notably, 63% of respondents incorporate DevSecOps practices, yet no single application security testing tool is widely adopted. The findings emphasize the ongoing challenges in managing open source security risks.
Synopsys, a leader in electronic design automation, announced that CFO Trac Pham will present at the 2020 UBS Global TMT Virtual Conference on December 7, 2020, at 3:45 p.m. ET. A live audio webcast of the presentation will be available along with a replay on Synopsys' corporate website. As the world's 15th largest software company, Synopsys specializes in electronic design solutions, semiconductor IP, and software security.
Synopsys (Nasdaq: SNPS) has partnered with Samsung Foundry to enhance design closure and signoff for advanced semiconductor process nodes, specifically targeting 5nm to 3nm. This collaboration aims to improve accuracy and reduce turnaround times with solutions that provide a 20X performance increase and 50% less memory usage. The innovations will also decrease ECO iterations by 5X, significantly boosting customer productivity. The new signoff flow includes various tools like PrimeTime, PrimeECO, and StarRC, enabling major gains in power, performance, and area (PPA) for high-performance computing and AI applications.
Synopsys, Inc. (SNPS) reported robust fourth quarter and fiscal year 2020 results, with revenues reaching $1.025 billion, up from $851.1 million in Q4 2019. Fiscal year 2020 revenue increased 9.6% to $3.685 billion. GAAP net income for Q4 was $197.5 million ($1.26 per share), compared to $160.7 million ($1.04 per share) in the prior year. Non-GAAP earnings also improved, with Q4 net income at $247.7 million ($1.58 per share). Looking ahead, Synopsys aims for over $4 billion in revenue for fiscal 2021, alongside continued margin expansion and significant cash flow.
Synopsys, Inc. (NASDAQ: SNPS) has acquired Light Tec, enhancing its optical design software with new optical scattering measurement capabilities. This acquisition allows Synopsys to offer customers faster access to precision light scattering data, crucial for optical product development. While the financial terms of the deal are undisclosed, it is expected to reduce product development costs and time by providing integrated measurements and simulations for applications including optical sensors and displays. Dr. Howard Ko highlighted the acquisition as a commitment to improving R&D efficiency.
Synopsys, Inc. (Nasdaq: SNPS) announced its software security and quality testing solutions are now accessible to federal and many state and local government agencies through the GSA Schedule Contract with Sterling Computers. This partnership aims to help government agencies address critical software security vulnerabilities. With the availability of comprehensive services for testing proprietary and open-source software, agencies can enhance their security measures against cyber threats, protecting sensitive citizen and warfighter data.
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?
