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) 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.
Synopsys, Inc. (Nasdaq: SNPS) announces that Aart de Geus, co-CEO, will speak at the 50th annual SEMICON West 2020 conference. The conference is set for July 23, 2020, at 8:00 a.m. PT (11:00 a.m. ET) and will be broadcast live online via the SEMICON West portal. Media interested in registration can contact Scott Stevens at Cardinal Communications for SEMI Americas.
As a leader in electronic design automation and semiconductor IP, Synopsys offers critical solutions for companies developing innovative electronic products and software applications.
Synopsys (Nasdaq: SNPS) announced that Graphcore utilized its VCS® simulation solution alongside Verdi® debug to verify the Colossus™ GC200 Intelligence Processing Unit, touted as the most complex microprocessor with 59.4Bn transistors and 1,472 cores. The collaboration significantly enhanced simulation performance, offering 2X to 5X gains compared to single-core architectures. This productivity boost enables accelerated time-to-market for AI chip designs, crucial for staying competitive in the rapidly evolving market.
Synopsys (Nasdaq: SNPS) announces Tenstorrent's achievement of first-pass silicon success for its Grayskull AI processor SoC, utilizing Synopsys' DesignWare PCI Express 4.0, ARC HS48 Processor, and LPDDR4 IP. This SoC delivers high-performance computing capabilities with low-latency connections, handling significant channel loss. Tenstorrent plans to collaborate with Synopsys for future AI processor SoCs aimed at data centers, cloud servers, and automotive markets. The DesignWare IP portfolio facilitated swift integration and reduced design timelines for Tenstorrent.
Synopsys (Nasdaq: SNPS) has launched the first JEDEC DDR5 compliant Verification IP for DDR5 DRAM/DIMM, aimed at enhancing memory performance in cloud, IoT, and data centers. This technology supports data rates from 3200MT/s to 8400MT/s, with improved density and power efficiency. The VC VIP for DDR5 enables simpler integration and faster verification processes, optimized for next-gen memory architecture. Available now, it promises significant advancements for companies needing high-memory bandwidth. The collaboration with Micron further strengthens confidence in this product.
Synopsys, Inc. (Nasdaq: SNPS) announced that JLQ Technology has adopted its DesignWare IP portfolio to enhance development speed and reduce risks for new mobile chipsets. The collaboration aims for next-generation systems-on-chips (SoCs) optimized for performance and power efficiency. Synopsys' track record has facilitated volume production for JLQ's previous SoC designs. Key technologies include USB, MIPI, and DDR, which are essential for intelligent IoT applications.
Synopsys (Nasdaq: SNPS) has entered a multi-year agreement with Arm to accelerate the design and verification of Arm-based system-on-chips (SoCs). This collaboration will enhance Synopsys products, including the Fusion Design Platform and Verification Continuum Platform, by integrating them with Arm IP. Synopsys will gain early access to a variety of Arm processors and GPUs, which aims to optimize design methodologies for mutual customers across diverse markets. This partnership continues a nearly 30-year relationship between the two companies.
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