Synopsys, Inc.

Mountain View, CA United States

  (NASDAQ: SNPS)

Company Description

To sum up, Synopsys is a leading provider of electronic design automation (EDA) software and services. Its products are used by designers of integrated circuits (ICs) to develop, simulate, and test the physical design of ICs before production, and then to test finished products. The company also provides semiconductor intellectual property (SIP) for the basic building blocks of circuit design. Customers come from a variety of markets, including the semiconductor, consumer electronics, and aerospace industries. Synopsys offers time-based software licenses, where customers make yearly payments for use and support, rather than pay traditional upfront fees followed by ongoing maintenance costs.