Synopsys raises annual forecasts on AI-driven chip design software demand

Aug 26 : 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.Here are more details on the results: • 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. • The forecast is higher than analysts' estimate for annual revenue of $9.68 billion, per data compiled by LSEG.• The company's design IP business, which licenses pre-designed chip interfaces that customers can