Reported about 5 hours ago
Synopsys has projected second-quarter revenue exceeding Wall Street estimates, attributing this growth to increasing demand for its chip-design software. Following the announcement, the company’s shares rose by 2.45%. Major players like Amazon, Google, and Apple are investing in chip design, contributing to this uptick. Despite some weakened segments within the chip industry, such as automotive, Synopsys continues to experience strong interest in AI chip design. Additionally, the company is moving forward with its $35 billion acquisition of Ansys, engaging with Chinese regulators as part of the process.
Source: YAHOO