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The pandemic created the perfect storm for the future of this business, with digital adaptation accelerating 10 years in just 10 months.
SYNOPSYS SOFTWARE SOFTWARE
Its software integration revenue only makes up 10% of the topline, but it is the fastest-growing segment at healthy double-digit growth levels.
SYNOPSYS SOFTWARE CODE
Synopsys also offers products that improve software developers' code, ensuring there are no code defects and verifying that the code is secure. Synopsys's massive IP portfolio and over 15 years of investments give it a firm grip on this market.
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It is the largest global player in this rapidly growing space which is expected to reach $8.8 billion by 2026 (assuming a compounded annual growth rate of 7.5%), according to Business Wire. Its IP products provide customers with ready-to-use chip designs that are proven and save customers time. Analysts are expecting these margins to expand as the company enjoys economies of scale.
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This high-margin business is going to continue to drive healthy profitability. Its duopoly with Cadence CDNS and high entry barriers gives the firm robust pricing power. The EDA market was worth over $10 billion in 2019 and is expected to grow by 8% annually for the next 6 years (over $20 billion by 2027), according to Global Market Insight.
SYNOPSYS SOFTWARE VERIFICATION
Its EDA software serves chip and hardware designers every step of the way, from initial design to verification for quick and efficient turnarounds. Synopsys is a global leader in electronic design automation (EDA) and semiconductor IP. Synopsys is at the foundation of new technology and will ride this demand wave. Artificial intelligence (AI), cloud computing, the internet of things (IoT), autonomous driving, and 5G are driving the next wave of technological advancement. The demand for the newest and fastest technology is always there, and we are on the brink of the next tidal wave of tech. Today, integrated circuits or computer chips can hold billions of transistors on a chip the size of your fingernail. The 'law' hypothesizes that every two years, the number of transistors on a microchip doubles, and the cost halves. The world of semiconductors is proliferating with Moore's Law, which was established 50 years ago by the co-founder of Intel (Gordon Moore), still holding today. Synopsys has exceeded expectations consistently and has progressively risen guidance, driving analysts' estimates and price targets higher, propelling the stock into a Zacks Rank #1 (Strong Buy). This company is the global market leader in chip-making software and intellectual property (IP) related to semiconductors. SNPS is a prudent way to invest in the semiconductor and electronics space while still profiting off the current chip shortage going into the grand 4th Industrial Revolution. Synopsys is the backbone of innovation for global electronics. Now is the time to jump into this momentum-building segment, and Synopsys SNPS is an under-the-radar chip player that is poised to take off. Lawmakers are now considering a $52 billion bill to attack the chip shortage head-on in the US, providing funding to help chipmakers increase their capacity to meet the unending demand. The global chip shortage has had a rippling impact across the economy, creating a massive opportunity for semiconductor stocks.