Synopsys raises annual forecasts on AI-driven chip design software demand
Synopsys on Wednesday raised its annual revenue and profit forecasts, as the AI boom drives investments in chips and infrastructure, boosting demand for the firm’s chip design software.
AI-related design demand has risen sharply as chipmakers invest in more advanced semiconductor systems, while tech giants, including Amazon and Alphabet, ramp up in-house chip efforts as well.
Synopsys expects fiscal 2026 revenue in the range of $9.69 billion to $9.74 billion, compared with its prior forecast of between $9.63 billion and $9.71 billion.
