We'll review the earnings set-up on an under-the-radar technology company that's been a top performer. Synopsys (SNPS) is a leading American electronic design automation (EDA) company. Founded in 1986 and headquartered in Mountain View, California, Synopsys provides software, intellectual property (IP), and services for designing and verifying integrated circuits (ICs), also known as chips, and testing and improving software performance and security.
Synopsys provides tools that assist semiconductor companies in designing and verifying the functionality of complex chips. The company has highlighted customers such as Intel, AMD, NVIDIA, Qualcomm, and Broadcom in its presentations. These companies use Synopsys' EDA tools and IP to create their products.
Other customers include companies developing systems or products with embedded chips, such as Apple, Samsung, and Huawei, which rely on Synopsys for tools and IP. The increasing complexity of electronics in cars and planes has made Synopsys' tools critical for designing the chips that control everything from infotainment systems to autonomous driving features. The increasing use of electronics in vehicles, particularly for advanced driver-assistance systems (ADAS) and autonomous driving, drives demand for Synopsys' tools.
Similarly, AI accelerators and other specialized chips for AI workloads are also key growth areas. SNPS 5Y mountain Synopsys, SNPS - 5 years It should come as no surprise that the correlation between Synopsys a.