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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) announces collaboration with TSMC to deliver certified design flows for advanced packaging solutions using the 3DIC Compiler. TSMC certifies CoWoS® and InFO design flows, enhancing productivity in complex multi-die systems. The solution integrates Ansys' RedHawk™ for chip-package analysis, improving design validation and performance. By automating processes, design schedules are significantly reduced, enabling faster product development. This initiative aims to meet growing demands for higher integration and efficiency in markets such as AI and 5G.
Synopsys (Nasdaq: SNPS) announced certification of its digital and custom design platforms by TSMC for its 3nm process technology. This certification, resulting from extensive collaboration, enhances power, performance, and area (PPA) optimization for next-gen designs. Key products include Fusion Compiler and IC Compiler II for place-and-route and PrimeTime for timing signoff. The collaboration aims to streamline SoC design and accelerate time to market, with the goal of enabling customers to leverage TSMC's advanced 3nm process confidently.
Synopsys (Nasdaq: SNPS) has launched its IC Validator physical verification solution on Microsoft Azure, successfully verifying the AMD Radeon Pro VII GPU with over 13 billion transistors in under nine hours. Utilizing AMD EPYC processors, the solution achieved up to 40% savings in compute resources, enhancing cost efficiency. This collaboration aims to support high-performance computing needs and addresses the growing complexity in silicon design. Synopsys emphasizes rapid physical signoff for its customers, leveraging Azure's scalable infrastructure for optimal performance.
Synopsys (Nasdaq: SNPS) announced that NSITEXE has adopted its HAPS-80 prototyping solution for developing its Data Flow Processor (DFP) IP portfolio. The HAPS-80 solution enables high-performance software development and system validation for NSITEXE's RISC-V based accelerator, tailored for automotive applications. With over 3,500 units shipped, HAPS-80's modular design supports various industry protocols, facilitating efficient collaboration with semiconductor customers. Synopsys aims to enhance its HAPS ecosystem by incorporating NSITEXE as a key IP provider in the automotive electronic platform market.
Synopsys, Inc. (Nasdaq: SNPS) announced the appointment of Sassine Ghazi as Chief Operating Officer. With over two decades at Synopsys, Ghazi previously served as general manager of the Design Group, where he advanced product development. His educational background includes degrees in business administration and electrical engineering, along with a Master of Science in electrical and computer engineering. Chairman Aart de Geus highlighted Ghazi's strong industry relationships and technical acumen as vital for leading Synopsys toward its growth and profitability objectives.
Synopsys reported strong financial results for Q3 FY2020, achieving $964.1 million in revenue, up from $853.0 million in Q3 FY2019. The company posted net income of $252.9 million, or $1.62 per share on a GAAP basis, compared to $99.9 million or $0.65 per share in the previous year. Non-GAAP earnings rose to $271.9 million, or $1.74 per share. Synopsys increased 2020 revenue and earnings targets, reflecting strong market demand despite economic challenges.
Synopsys (Nasdaq: SNPS) has launched a comprehensive virtual prototyping solution designed for the development of electric vehicle electronic systems. This integrated solution utilizes advanced tools such as Virtualizer, Silver, and TestWeaver to enhance productivity and accelerate testing by enabling development without physical hardware dependencies. The global electric car market is projected to reach 60 million vehicles by 2040, emphasizing the need for innovative electronic solutions to meet growing competition and efficiency demands.
On August 6, 2020, Synopsys (Nasdaq: SNPS) released the "Modern Application Development Security" eBook, revealing critical insights from a survey of 378 cybersecurity and application development professionals. The study highlights that 48% of organizations knowingly push vulnerable code to production due to time constraints. Key findings include that 69% rate their security programs as effective, yet encounter OWASP Top 10 vulnerabilities, alongside 51% planning to increase security spending over the next year. The report emphasizes the need for improved integration of security measures within development practices.
Synopsys, Inc. (Nasdaq: SNPS) will announce its third quarter fiscal year 2020 results on August 19, 2020, after market close. A conference call featuring Aart de Geus and Trac Pham will start at 2:00 p.m. PT (5:00 p.m. ET). Financial details will be accessible on the corporate website prior to the call. Participants can access a live webcast and a replay of the call. Synopsys is recognized as a leader in electronic design automation and semiconductor IP, supporting various industries in developing secure, high-quality products.
Synopsys, Inc. (Nasdaq: SNPS) announces the appointment of Jason Schmitt as general manager of the Software Integrity Group. Schmitt, a seasoned leader with over 20 years of experience, has previously been CEO of Aporeto and held key roles at major tech companies. Synopsys aims to scale its Software Integrity business from over $300 million towards $500 million to $1 billion in revenue. Schmitt's expertise is expected to address emerging cybersecurity challenges and enhance the company's strategic goals in application security amidst the evolving DevOps landscape.
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