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Provides electronic design automation software, semiconductor IP, and verification hardware used to design and validate integrated circuits. Acquired Ansys in 2025.
2021-Q3-2026-Q2
2021-Q3-2026-Q2
1996-2025

$SNPS
Sells the EDA software and silicon IP used to design and verify essentially every AI chip, plus emulation hardware for pre-silicon software bring-up. ~$8.7B annual revenue, extended into simulation and analysis by the 2025 Ansys acquisition. Forms a duopoly with Cadence over the design layer, a toll on every chip taped out regardless of which accelerator wins.