Synopsys (SNPS), Microsoft Develop New AI Tool for Chip Design
Synopsys SNPS recently unveiled Synopsys.ai Copilot in collaboration with Microsoft Corporation MSFT. Synopsys.ai Copilot integrates MSFT’s Azure OpenAI Service with SNPS’ chip design tools and Intellectual Property (IP) Core, enabling deployment in both on-premises and cloud environments.
Synopsys.ai emerged in March 2023 as an AI-powered Electronic Design Automation (EDA) suite catering to the design, verification, testing and production of digital and analog chips. The new partnership between Synopsys and Microsoft aims to enhance AI-based chip design by introducing generative features, including conversational intelligence.
The solution will bring conversational intelligence capabilities based on Natural Language Processing powered by Generative AI. This will reduce design complexities and enable development teams to optimize time to market.
Synopsys, Inc. Price and Consensus
Synopsys, Inc. price-consensus-chart | Synopsys, Inc. Quote
The recently introduced solution promises to equip semiconductor design engineers with state-of-the-art AI infrastructure, models and a toolchain developed on the Microsoft Azure platform. Its goal is to significantly enhance productivity and meet design objectives at every phase of chip development.
In September 2023, SNPS had enhanced Synopsys.ai, introducing features like Synopsys Design.da, Synopsys Fab.da, and Synopsys Silicon.da. These tools offer designers advanced AI-driven analytics for gaining insights, managing fab equipment processes and monitoring production test data.
Many companies that have selected Synopsys as their primary EDA partner are Juniper Networks, Realtek, Teradici, NetLogic Microsystems, Toshiba and Wolfson. After the first introduction of AI-driven capabilities in its EDA, the solution fared well among Synopsys’ customers, with its consumers reporting improved turnaround time and silicon cost reduction.
The advancements seen in Synopsys.ai have the potential to drive success in future deals, given the looming workforce gap of 15% to 30% in chip design engineers by 2030. Through Synopsys.ai Copilot, designers and engineers can collaborate with an intelligent system equipped with the capability to learn new skills and grow with teams' needs, boosting chip design at every stage.
Zacks Rank and Other Stocks to Consider
Currently, Synopsys carries a Zacks Rank #2 (Buy), while Microsoft has a Zacks Rank #3 (Hold). Shares of SNPS and MSFT have rallied 67.1% and 56.9%, respectively, year to date.
Some other top-ranked stocks from the broader technology sector are NVIDIA NVDA and NetEase NTES, each flaunting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.34 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 3 cents to $10.85 in the past seven days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 238.6% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2023 earnings has been revised upward by 9 cents to $1.65 per share in the past 30 days. For fiscal 2023, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have gained 54.7% year to date.
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