Synopsys Raises Annual Revenue and Profit Forecast Amid AI Boom
Due to rising demand from the AI boom, Synopsys, a significant leader in semiconductor design software, has increased its yearly revenue and profit pr
Due to rising demand from the AI boom, Synopsys, a significant leader in semiconductor design software, has increased its yearly revenue and profit prediction. Strong demand for core goods, particularly in bespoke chip design for AI applications, was emphasised by CEO Sassine Ghazi. Semiconductor companies are using Synopsys AIpowered electrical design automation suite as they continue to spend on research and design. The corporation increased its profits per share from $12.90 to $12.98 and decreased its predicted yearly sales from $6.09 billion to $6.15 billion. As evidenced by its acquisition of Ansys and the approval of Ansys shareholders, Synopsys is confident about future growth, even if it missed sales projections in the second quarter. Synopsys is working with Chinese officials to address regulatory concerns about the Ansys purchase.
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B2B Tech News | 2 months ago