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Synopsys, Inc. - SNPS STOCK NEWS

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.

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Synopsys (Nasdaq: SNPS) has announced its earnings release date for the third quarter of fiscal year 2024. The company will report results on Wednesday, August 21, 2024, after the market close. A conference call is scheduled for 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss financial results and business outlook. Investors can access financial information and statistical data on the corporate website prior to the call. A live webcast will be available, and participants are advised to join at least 10 minutes before the start. A webcast replay will be accessible from approximately 5:00 p.m. PT on the same day until Synopsys announces its fourth quarter and fiscal year 2024 results in December 2024.

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Synopsys (Nasdaq: SNPS) has achieved a significant milestone in automotive security with its ARC® HS4xFS Processor IP receiving ISO/SAE 21434 cybersecurity certification from SGS-TṺV Saar. This certification addresses evolving cybersecurity threats and helps ensure long-term security and reliability of automotive systems. The ARC HS4xFS Processors are also certified to the ISO 26262 standard, meeting ASIL D compliance for safety-critical systems.

Synopsys has also certified its IP development process to ISO/SAE 21434, ensuring a security-first approach throughout the product development lifecycle. This certification is important for automotive OEMs to meet the UN R155 regulation, which mandates the adoption of a cybersecurity management system for new road vehicles. The company plans to continue certifying its broad IP portfolio to help reduce design risk and accelerate time-to-market for safe and robust SoCs in the automotive industry.

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Synopsys has announced the availability of its new AI-powered, production-ready multi-die reference flow for Intel Foundry's EMIB advanced packaging technology. This solution includes the Synopsys 3DIC Compiler, which aids in the co-design and analysis of multi-die systems. It integrates with Synopsys 3DSO.ai to optimize signal, power, and thermal integrity, achieving notable productivity gains and enhanced system performance.

The multi-die reference flow facilitates efficient die-to-die connectivity and high memory bandwidth, addressing the increasing demands for processing power and performance in AI and high-performance computing applications. This innovation supports design complexities, enhancing manufacturing and reliability while reducing integration risks and accelerating time-to-market. The integration can cut effort by up to 30% and improve quality by 15% compared to traditional methods.

Synopsys’ solution is now available from both Intel Foundry and Synopsys, aiming to provide designers with comprehensive tools for developing advanced, multi-die systems.

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Synopsys has announced that its AI-driven digital and analog design flows have achieved certification on Samsung Foundry's SF2 process with multiple test chip tapeouts. This certification validates the product readiness of its digital and analog design flows, enhanced by Synopsys.ai full-stack EDA suite, for Samsung's latest Gate-All-Around (GAA) process technologies. The optimized design flows offer significant improvements in performance, power, and area (PPA) with reported gains of 12% higher performance, 25% power reduction, and 5% area reduction.

Additionally, the collaboration includes proven Synopsys IP on Samsung SF2, reducing integration risk and supporting 2.5D/3D heterogeneous integration. Synopsys' innovations in backside routing and nanosheet cell design further enhance the efficiency of designing for Samsung's GAA processes. The announcement also highlights the expanded Synopsys.ai collaboration, including Synopsys ASO.ai for faster analog design migration, and the availability of a multi-die design reference flow and UCIe IP for SF2.

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Synopsys announced the industry’s first complete PCIe 7.0 IP solution, featuring a controller, IDE security module, PHY, and verification IP, aimed at improving bandwidth and latency for high-performance computing (HPC) and AI workloads. This PCIe 7.0 solution achieves data transfer rates of up to 512 GB/s, with up to 50% power efficiency improvement compared to previous versions. The solution offers data confidentiality, integrity, and replay protection. Synopsys will demonstrate this technology at the PCI-SIG DevCon on June 12-13, 2024, highlighting its integration with ecosystem partners. The PCIe 7.0 IP is expected to be generally available in early 2025.

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Synopsys reported strong financial results for Q2 2024, with revenue reaching $1.455 billion, marking a 15% increase year-over-year and hitting the high-end of guidance. GAAP earnings per diluted share were $1.92, while non-GAAP earnings reached $3.00, up 26% from the previous year and exceeding guidance. Due to solid execution and ongoing business momentum, Synopsys has raised its full-year targets for revenue and non-GAAP EPS. The company also announced the sale of its Software Integrity business, with results now reported for continuing operations only.

Net income for Q2 2024 was $299.1 million on a GAAP basis, up from $275.6 million in Q2 2023. Non-GAAP net income was $466.9 million, compared to $368.3 million the previous year. The planned acquisition of Ansys, approved by Ansys shareholders, is expected to bolster Synopsys' mission to provide essential silicon to systems design solutions.

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Ansys (NASDAQ: ANSS) announced that its stockholders approved the proposed acquisition by Synopsys (NASDAQ: SNPS) in a special meeting held on May 22, 2024. The merger agreement stipulates that Ansys stockholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock per Ansys share, valuing the deal at approximately $35 billion based on Synopsys' closing price as of December 21, 2023. Approximately 98.7% of the shares voted were in favor, representing 83.8% of Ansys' total outstanding shares. The transaction is expected to close in the first half of 2025, pending regulatory approvals and other conditions.

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A recent report from Synopsys Software Integrity Group and Ponemon Institute reveals that 54% of global organizations suffered software supply chain attacks in the past year.

Many struggle to detect and respond, with 50% taking over a month to react. AI usage in code generation is prevalent, yet only 32% evaluate AI-generated code for risks.

Alarmingly, only 39% of leaders are committed to reducing software supply chain risks, and resources are often insufficient. Notably, just 35% of organizations implement Software Bills of Materials (SBOMs), critical for security.

Open source vulnerabilities are high, with 65% using it but less than half securing it effectively.

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Synopsys Inc. (NASDAQ: SNPS) has entered into a definitive agreement with Clearlake Capital Group, L.P. and Francisco Partners to sell its Software Integrity Group business for up to $2.1 billion. The transaction aims to establish the Software Integrity Group as an independent application security testing software provider. Synopsys will focus on its core design automation and design IP businesses post-sale.

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Synopsys and Samsung Electronics have collaborated to achieve the first production tapeout of a flagship mobile CPU with leading performance on Samsung Foundry's GAA process. Synopsys.ai EDA suite with CPU-specific optimizations delivers unparalleled PPA, highest frequency, and 10% lower power for the latest mobile CPU with generative AI capabilities.

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FAQ

What is Synopsys Inc. known for?

Synopsys Inc. is known for its leadership in electronic design automation (EDA), semiconductor IP, and software integrity solutions.

Where is Synopsys headquartered?

Synopsys is headquartered in Mountain View, California.

What recent products has Synopsys launched?

Synopsys has recently launched Black Duck Supply Chain Edition and Polaris Assist, both aimed at enhancing software security.

What major collaborations has Synopsys entered into?

Synopsys recently collaborated with Samsung Electronics to achieve significant performance improvements in mobile SoC designs.

What are Synopsys's financial highlights for 2024?

For the second quarter of fiscal year 2024, Synopsys reported revenues of $1.455 billion, up from $1.263 billion in the same quarter of the previous year.

What strategic moves has Synopsys made recently?

Synopsys is divesting its Software Integrity Group to Clearlake Capital Group and Francisco Partners for up to $2.1 billion to focus more on its core silicon design and EDA solutions.

How does Synopsys support software developers?

Synopsys provides tools like Black Duck Supply Chain Edition and Polaris Assist to help software developers manage security and quality in their codebases.

How long has Synopsys been in business?

Synopsys was founded in 1986, making it a well-established leader in the technology industry.

How does Synopsys contribute to the semiconductor industry?

Synopsys offers advanced silicon design and verification products that help semiconductor companies develop high-performance, secure chips.

What are some key features of Synopsys's latest products?

Key features include open source detection, automated SBOM analysis, AI-powered vulnerability summaries, and code fix recommendations.

Synopsys, Inc.

Nasdaq:SNPS

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SNPS Stock Data

91.16B
153.22M
0.43%
93.75%
2.6%
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