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 a collaboration with GLOBALFOUNDRIES (GF) to develop a comprehensive portfolio of DesignWare IP for GF's advanced 12LP+ FinFET solution. This partnership will enhance high-bandwidth connectivity for cloud computing and AI applications. The 12LP+ technology delivers a 20% improvement in logic performance and a 10% reduction in logic area compared to the previous 12LP solution. DesignWare IP components will be available throughout 2020 and early 2021 to support various applications, including high-performance computing and aerospace.
Synopsys, Inc. (Nasdaq: SNPS) announced that NSITEXE successfully developed five specialized custom processors using Synopsys' ASIP Designer Tool. This innovation allowed NSITEXE to optimize its automotive data flow processor (DFP) architecture and complete the design in half the time compared to traditional methods. The ASIP Designer Tool automatically generated SDKs and aided in the rapid setup of a virtual prototype, meeting tight deadlines and enhancing performance. This partnership showcases the effectiveness of ASIP Designer in addressing complex automotive application requirements.
On September 15, 2020, Synopsys (Nasdaq: SNPS) released the BSIMM11 study, showcasing evolving software security practices across 130 organizations. This version highlights organization shifts toward DevSecOps, emphasizing automated governance in security initiatives. The study documents the input from 8,457 security professionals, supporting over 490,000 developers. Key trends include engineering-led security integration into DevOps, a transition from high-friction security processes to automated ones, and a new focus on the FinTech vertical.
On September 10, 2020, Synopsys announced that DSP Group selected its DesignWare ARC EM5D processor for advanced adaptive processing in the DBMC2-TWS audio codec, aimed at true wireless stereo headsets. The processor is recognized for its efficiency in control and signal processing, making it suitable for features like active noise cancellation and ambient sound control. The scalable ARC EM family offers flexibility in performance and power consumption, crucial for next-gen audio applications. The DesignWare ARC EM5D is now available for use in various DSP and control applications.
Synopsys has launched OptoCompiler, the first unified platform for photonic integrated circuit (PIC) design that merges electronic and photonic design methods. It enables faster, flexible design processes and supports electronic-photonic co-design. Key features include hierarchical design capabilities, accurate simulations, and usability enhancements. The platform aims to reduce design times significantly, as evidenced by Inphi Corporation's experience, which saw a nearly 4X reduction in layout time. Synopsys continues to invest in photonic solutions to address industry demands.
Synopsys (Nasdaq: SNPS) and Nestwave have partnered to develop a low-power geolocation solution for IoT devices. This innovation integrates Nestwave's soft core GPS technology with Synopsys' DesignWare ARC IoT Communications IP Subsystem, enhancing efficiency and reducing costs. The ARC EM9D processor powers this collaboration, offering up to 10x lower power consumption compared to existing market solutions. This advancement aims to facilitate high-accuracy GPS functionality without the need for dedicated chips, benefiting applications like asset tracking and smart cities.
Synopsys, Inc. (Nasdaq: SNPS) announced CFO Trac Pham will speak at the 19th Annual D.A. Davidson Software & Internet Virtual Conference on September 9, 2020, at 1:40 p.m. ET. A live audio webcast will be available, along with a replay post-event. This presentation can be accessed via the Synopsys investor relations page. As a leader in electronic design automation and semiconductor IP, Synopsys continues to drive innovation in software security and quality solutions.
Synopsys (Nasdaq: SNPS) has appointed Jeannine Sargent to its board of directors, effective immediately. With extensive experience in corporate strategy, engineering, and operations, she previously led Innovation and New Ventures at Flex and served as CEO of Oerlikon Solar and Voyan Technology. Sargent's background in technology and business development is expected to enhance Synopsys' capabilities in electronic design automation (EDA) and software integrity. Her education includes a chemical engineering degree from Northeastern University and executive programs at prestigious institutions.
Synopsys and Elektrobit have announced the availability of EB tresos Classic AUTOSAR software for Synopsys' ARC EM and HS Functional Safety Processors. This collaboration aims to streamline the development of automotive applications by providing a robust hardware-software platform for automotive semiconductor companies and OEMs. The solution enhances safety-critical automotive system development, reduces costs, and improves real-time response. Available now, the DesignWare ARC EM22FS Processor is complemented by planned releases of other software and processors in Q3 and Q4 of 2020.
Synopsys (Nasdaq: SNPS) announced Chelsio's adoption of its DesignWare 56G Ethernet PHY IP to enhance the development of high-speed Ethernet adapters for smart NIC and server applications. This silicon-proven IP supports data rates from 1.25 Gbps to 56 Gbps, ensuring reliable performance through continuous calibration and adaptation algorithms. Chelsio CEO Kianoosh Naghshineh emphasized the technology's reliability crucial for networking in hyperscale data centers. The DesignWare 56G Ethernet PHY IP is readily available, positioning Synopsys as a key player in high-performance computing solutions.
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