Reported 5 months ago
Synopsys has increased its annual revenue and profit forecast due to a surge in demand for its chip design software driven by the AI boom. The company anticipates strong revenue growth from customers designing chips for AI and other applications, with an expected 15% increase this year. Semiconductor firms are turning to Synopsys for their AI-powered electronic design automation suite to enhance chip designs. Synopsys now projects annual revenue between $6.09 billion and $6.15 billion and adjusted earnings per share between $12.90 and $12.98.
Source: YAHOO