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 announced a collaboration with SiMa.ai aimed at enhancing machine learning inference for embedded edge applications. SiMa.ai will utilize key Synopsys products, including DesignWare IP and the Fusion Design Platform, to develop its MLSoC platform for computer vision tasks like autonomous driving. The partnership leverages Synopsys' expertise in functional safety and proven solutions to meet ISO 26262 standards. This collaboration is expected to significantly improve power efficiency, achieving over 30x better compute-power efficiency compared to alternatives.
On Oct. 13, 2020, Synopsys announced successful system-level interoperability between its DesignWare IP for PCI Express 5.0 and Intel's upcoming Xeon Scalable processors. This collaboration marks a significant advancement, allowing developers to utilize the proven technologies in high-performance computing and AI applications. The DesignWare IP boasts the industry's lowest latency and highest throughput, with over 100 licenses issued across key markets. Intel's processors promise enhanced performance and throughput, catering to emerging demands in AI and analytics.
On Oct. 12, 2020, Synopsys unveiled its Silicon Lifecycle Management (SLM) platform, a data-analytics-driven solution for optimizing SoCs throughout their lifecycle. This platform will enhance performance, reliability, and security, targeting industries such as data centers and automotive. The SLM platform promises potential financial benefits worth billions by addressing critical chip performance issues and providing actionable insights from on-chip data. Synopsys aims to lead in chip design and manufacturing while supporting ongoing optimization for improved operational efficiency.
Synopsys, Inc. (Nasdaq: SNPS) announced the promotion of Shankar Krishnamoorthy to General Manager of the Digital Design Group. A veteran with 25 years of experience in electronic design automation, Krishnamoorthy previously served as Senior Vice President of the Digital Implementation group, leading innovations like Fusion Compiler™ and TestMAX®. His leadership is expected to enhance Synopsys' technology and customer momentum. COO Sassine Ghazi praised Krishnamoorthy's contributions to digital design over the past three years.
Synopsys (Nasdaq: SNPS) announced that Graphcore successfully achieved first-pass silicon for its Colossus MK2 GC200 Intelligence Processing Unit (IPU), utilizing Synopsys' IC Compiler II. This advanced AI processor, built on a 7nm process technology, features over 59 billion transistors and 1,472 independent processor cores. The collaboration highlights Synopsys' leadership in digital design solutions, enhancing performance, power, and area metrics significantly. Graphcore's success emphasizes the capabilities of Synopsys' tools in handling complex AI designs, reinforcing their market position.
On October 8, 2020, Synopsys (Nasdaq: SNPS) announced its DesignWare CXL Controller IP now supports the AMBA CXS protocol. This enhancement facilitates efficient integration with Arm's Neoverse Coherent Mesh Network, ideal for high-performance computing and data center SoCs. Key features include support for all CXL protocol types, operating speeds of 32GT/s, and a comprehensive CXL IP solution with configurable controllers and verification IP. This development aims to meet the growing demand for high-bandwidth, low-latency communication across Arm-based systems.
Synopsys (Nasdaq: SNPS) is set to host its inaugural Digital Design Technology Symposium on October 14, 2020, from 9:00 a.m. to 2:00 p.m. Pacific. The event aims to present Synopsys' Fusion Design Platform solutions, catering to digital designers, engineering management, CAD managers, and SoC architects. Attendees will gain insights from R&D experts on advancements in areas like machine learning, low power, and silicon lifecycle management, enhancing productivity and quality in chip design. Notable presenting companies include AMD, Nvidia, and Microsoft.
On September 28, 2020, Synopsys (Nasdaq: SNPS) announced that Arun Venkatachar will join a panel at the virtual 2020 AI Hardware Summit on September 29 at 11 a.m. Pacific. The panel will discuss how AI can transform chip design, potentially reducing costs and enhancing product quality. Synopsys will also host a roundtable on September 30 at 10:15 a.m., led by Stelios Diamantidis, to delve deeper into AI applications in chip design. The summit will feature industry leaders sharing insights on AI hardware innovations.
Synopsys (Nasdaq: SNPS) has announced a collaboration with GLOBALFOUNDRIES to enhance performance, power, and area (PPA) for their 12LP, 12LP+, and 22FDX platforms. The partnership aims to optimize the Fusion Compiler's capabilities, providing up to 18% better PPA and twice as fast results. This collaboration targets sectors such as aerospace, automotive, and IoT, accelerating product development and addressing design complexities. The Fusion Compiler utilizes advanced technologies, integrating PrimeTime voltage-scaling and StarRC signoff extraction for efficient design implementation.
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