Synopsys Raises Annual Forecasts on AI Chip Demand
Synopsys raised its annual revenue and profit forecasts driven by surging demand for AI chip design software. The company reported strong third-quarter results beating expectations.
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SYNOPSYS INC raised its annual revenue and profit forecasts on Wednesday afternoon, driven by surging demand for AI chip design tools. The upgrade reflects accelerating investments in advanced semiconductors by major technology firms. The software provider now anticipates fiscal 2026 revenue between $9.69 billion and $9.74 billion.
