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Nov 29 (Reuters) - Synopsys (SNPS.O) on Wednesday forecast first-quarter revenue above Wall Street expectations, as artificial intelligence (AI) adoption boosted demand for the company's chip designing software. Synopsys forecast current-quarter revenue between $1.63 billion and $1.66 billion, above analysts' average estimate of $1.60 billion. The rise in custom chip design efforts by firms like Microsoft (MSFT.O) and Alphabet (GOOGL.O) has also boosted demand. "You need a very specific silicon in order to power that (AI) training," Sassine Ghazi, the company's president and chief operating officer, said of the boom in AI chips in an interview. Ghazi told Reuters that increased use of Synopsys AI services helped boost the value of some of its contracts by 20% at renewal time.
Persons: Sassine Ghazi, Ghazi, Aart de Geus, Synopsys, Harshita Mary Varghese, Shailesh Kuber, Deepa Babington Organizations: Design, Microsoft, Intel, Mercedes, Benz, Reuters, Revenue, Thomson Locations: Sunnyvale , California
Synopsys CEO Aart De Geus goes one-on-one with Jim Cramer
  + stars: | 2023-08-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Synopsys CEO Aart De Geus goes one-on-one with Jim CramerSynopsys CEO Aart De Geus goes one-on-one with 'Mad Money' host Jim Cramer to talk leadership change, quarterly earnings results, tech breakthroughs and more.
Persons: Aart De Geus, Jim Cramer
Synopsys names insider Ghazi as CEO
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: 1 min
A man walks through the Synopsys booth during the Black Hat information security conference in Las Vegas, Nevada, U.S. on July 26, 2017. REUTERS/Steve Marcus/File photo Acquire Licensing RightsAug 16 (Reuters) - Synopsys (SNPS.O) said on Wednesday Sassine Ghazi will join as president and chief executive from Jan. 1 next year, taking over from CEO Aart de Geus who will move to the role of executive chair of board of directors. Reporting by Jaspreet Singh in BengaluruOur Standards: The Thomson Reuters Trust Principles.
Persons: Steve Marcus, Sassine Ghazi, Aart de Geus, Jaspreet Singh Organizations: REUTERS, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru
So when a position opened up at the Seligman Communications and Information fund, the firm's then-chief investment officer asked Wick to take it over. Today, the Columbia Seligman Technology and Information fund (CCIZX) that Wick began running on New Year's Day in 1990, has $8.5 billion in assets under management. "It's really hard to guess how will the technology industry change in five years. By now, Wick has relationships going back decades in the tech industry. As of January, the Technology and Information fund held 2.96% of its assets in Bloom, up from 2.36% in October.
Synopsys' outlook is very positive, says CEO Aart de Geus
  + stars: | 2023-02-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSynopsys' outlook is very positive, says CEO Aart de GeusAart de Geus, Synopsys CEO, joins 'TechCheck' to discuss his thoughts on the company's earnings as well as the AI and chip space.
Taiwan Economy Minister Wang Mei-hua speaks during an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann WangTAIPEI, Oct 15 (Reuters) - Taiwan's economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California's Silicon Valley, the ministry said on Saturday. Taiwan is a major semiconductor producer, home to the world's largest contract chip maker, Taiwan Semiconductor Manufacturing Corp (2330.TW), , and supplies most the world's major tech firms. "The visits are expected to bring back U.S. research and development investment and orders in Taiwan worth more than T$30 billion," it said, without elaborating. Wang said on Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors would also be secure.
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