Synopsys CEO: Client base expanding past chipmakers in AI boom
02/23/2024 05:56
Shares of automation developer Synopsys (SNPS) jumped on its fiscal first-quarter earnings beat, coming as other chip stocks are being lifted as part of the Nvidia-AI rally. Synopsys CEO Sassine Ghazi joins Yahoo Finance Live to discuss the environment for chip design — amid Synopsys's $35 billion acquisition of ANSYS, Inc. (ANSS) — and core business catalysts. "Our customer base has been the semiconductor customer, but if you look at Synopsys today, about 45% of our revenue are system companies: the hyperscalers, the automotive OEMs (original equipment manufacturers), the big mobile OEMs, et cetera," Ghazi explains. "The world is shifting towards more companies designing their own silicon in order to take advantage of an integrated stack of application." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Shares of automation developer Synopsys (SNPS) jumped on its fiscal first-quarter earnings beat, coming as other chip stocks are being lifted as part of the Nvidia-AI rally. Synopsys CEO Sassine Ghazi joins Yahoo Finance Live to discuss the environment for chip design — amid Synopsys's $35 billion acquisition of ANSYS, Inc. (ANSS) — and core business catalysts.
"Our customer base has been the semiconductor customer, but if you look at Synopsys today, about 45% of our revenue are system companies: the hyperscalers, the automotive OEMs (original equipment manufacturers), the big mobile OEMs, et cetera," Ghazi explains. "The world is shifting towards more companies designing their own silicon in order to take advantage of an integrated stack of application."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.