Synopsys Inc’s Post

Synopsys Inc raised its annual revenue and profit forecast on Wednesday in anticipation of robust demand for its software to design advanced chips driving artificial intelligence applications. The AI-boom has spurred investments in custom design of chips as tech firms are racing to dominate the lucrative technology with new innovations, triggering demand for companies such as Synopsys. Chief Executive Sassine Ghazi said demand for the company's core products remained strong, with revenue from them expected to grow 15% this year as customers design their own chips for AI and other purposes. The company raised its annual revenue forecast in a range of $6.09 billion to $6.15 billion, compared with its prior expectations of $6.06 billion to $6.12 billion. With Stephen Nellis #Synopsys #Semiconductor #ArtificialIntelligence https://lnkd.in/g2Yq73mH

#SynopsysAchievesRecordRevenueDrivenByAI Synopsys Inc. has reported record-breaking third-quarter revenue, thanks to soaring demand for its chip design software driven by AI advancements. With a 13% year-over-year increase, revenue hit $1.53 billion, surpassing Wall Street predictions. The Sunnyvale-based company, a leader in electronic design automation, aids major chipmakers like Intel and Qualcomm. AI’s growing compute needs have boosted the demand for more complex chips, underpinning Synopsys's revenue surge. CEO Sassine Ghazi highlights the company's role in tech innovation amid AI's rise. #Synopsys #ChipDesign #AI #EDA #SaaSverse How do you think AI-driven demand will reshape the chip design industry?

Semiconductor #eda and IP vendor Synopsys Inc set a new company revenue record of $1.6 billion in Q4, up 25% YoY, beating analyst consensus estimates and driving full fiscal year 2023 revenue to $5.8 billion, up 15% from $5.1 billion one year ago. Synopsys had a truly good Q4 and FY2023 as the silicon-focused company gained more traction and announced a generative AI offering, Synopsys.ai Copilot, that is designed to accelerate chip design and reduce engineering bottlenecks. There are lots of intriguing things going on within Synopsys as we head into 2024. Read all about the company's Q4 and FY2023 earnings in our latest research note for The Futurum Group from analysts Daniel Newman and Todd R. Weiss as they share their insights on what the numbers mean.  https://bit.ly/3RukNN9 #genai #synopsys #ai #electronicdesign

#AI, Synopsys lifts annual forecast on AI boom driving demand for chip design software Synopsys raised its annual revenue and profit forecast last week in anticipation of robust demand for its software to design advanced chips driving artificial intelligence applications.   The AI-boom has boosted investments in custom design of chips as tech firms are racing to dominate the lucrative technology with new innovations, triggering demand for companies such as Synopsys.   Chief Executive Sassine Ghazi said demand for the company's core products remained strong, with revenue from them expected to grow 15% this year as customers design their own chips for AI and other purposes.   Semiconductor firms continue to invest in research and design and turn to the company's AI-powered electronic design automation suite, Synopsys.ai, in a bid to ace and improve complex chip designs.   The company raised its annual revenue forecast in a range of $6.09 billion to $6.15 billion, compared with its prior expectations of $6.06 billion to $6.12 billion.   Earlier this month, the company said it would sell the SIG unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal.   In January, Synopsys, which partners with chipmakers including Taiwan Semiconductor Manufacturing Co, Intel , and Samsung Electronics, said it would buy Ansys in a $35 billion cash-and-stock deal.   #AI, #RB

Synopsys Inc has unveiled an expansion of its Synopsys.ai full-stack EDA suite, which now includes a comprehensive AI-driven data analytics continuum designed to support every phase of integrated circuit (IC) chip development. Read the full news to learn more: https://lnkd.in/dvJyWKe7 #artificialintelligence #dataanalytics #icchip #media7 #dataanalyticsreport

Another game changer from Synopsys. Synopsys.ai is the first electronic design automation (EDA) suite to harness the power of generative AI across the full EDA stack. Synopsys.ai copilot. #synopsys #gamechanger #microsoftazure https://lnkd.in/gs8WxeiC https://lnkd.in/g5TTHcH4

The skyrocketing participation of enterprises in the AI tailwind 🤖 In the latest #BreakingAnalysis, David Vellante dissects key #AIinfra findings from the recently concluded NVIDIA #GTC event, and discusses how industry leaders are actively benefiting.    “Companies like Ansys, Cadence Design Systems, Synopsys Inc, Dell Technologies, Micron Technology, IBM, Supermicro, Pure Storage, VAST Data, ServiceNow, CrowdStrike, Arm, UiPath, Lam Research, and many others are benefiting from the froth around AI generally in GTC 2024 specifically. Here, we show the recent movement post-GTC for Ansys, Cadence, Synopsys, and Dell. You can see they all moved up nicely,” says Vellante while showing data on the PPT slide. “We believe it's a combination of the GTC froth and strong fundamentals, including demand outstripping supply for these companies… In the case of Dell, the company's supply chain leverage is putting it in a very good position to secure #GPU supply. Its execution is throwing off cash that it's returning to investors in the form of dividends and stock buybacks, as well it's benefiting from this AI tailwind,” he adds. Get weekly analysis and exclusive insights with #theCUBE’s newsletter: https://lnkd.in/gSk3g77C #theCUBE #theCUBEresearch #AI

In case you missed it, on Day One at DAC, Nitin Dahad of EE Times delved into EDA, tools, support for designing heterogeneous systems using chiplets and advanced packaging, and AI using RISC-V. Nitin first interviewed Shankar Krishnamoorthy, the general manager of Synopsys's EDA business. He discussed the convergence of silicon and systems, multi-die chiplet designs, and how EDA must address them.  Then Jim Keller, CEO of Tenstorrent, discussed his keynote, RISC-V, and where his company fits in the AI chip development race, KH Lee, president of Faraday USA, spoke with Nitin Dahad about designing AI chips and arm-based chaplet designs and the plan to build them using the Intel 18A process. Finally, Mike Wishart, CEO of efabless, described how his company enables custom chip design for just $10,000 and the 40 completed product designs.  https://lnkd.in/g25rpp9y #ai #chiplets #arm #risc-v #eda #multidie #advancedpackaging #heterogeneous

29% of European organizations say that their businesses have already been, or are in the process of being, disrupted by GenAI. But how to respond? Join IDC, Dell Technologies and NVIDIA on April 11 for this executive webinar to hear how you can take action quickly to demonstrate progress. https://dell.to/3IScu8V #DNAFE2024 #iwork4dell

29% of European organizations say that their businesses have already been, or are in the process of being, disrupted by GenAI. But how to respond? Join IDC, Dell Technologies and NVIDIA on April 11 for this executive webinar to hear how you can take action quickly to demonstrate progress. https://dell.to/3IScu8V #DNAFE2024 #iwork4dell