On Wednesday, Synopsys announced quarterly sales and earnings that also beat analysts’ estimates. Sales to China increased around 60% from the previous year, to 20% of the total, according to a Bloomberg Intelligence analysis of data released by the company.
De Geus said artificial intelligence is sparking demand for complex semiconductor chips that Synopsys helps foundries manufacture. Synopsys offers software used by chip manufacturers. Demand could grow as chips become more complex in part because the company’s designs incorporate artificial intelligence that learns from prior designs and leads to quicker results, according to Bloomberg Intelligence.
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