Synopsys rises as it unveils new AI tools for testing, designing chips
jejim


Synopsys (NASDAQ:SNPS) shares rose more than 1% on Wednesday as the semiconductor software company unveiled new artificial intelligence-powered tools for testing and designing semiconductors.
The software suite, known as Synopsys.ai, lets engineers look for issues in chip design, along with being able to test physical samples and increase the number of chips that are issue free, known as yield, once mass production has started.

"With Synopsys.ai solutions, our customers' ability to search design solution spaces across multiple domains is in hyperdrive," Shankar Krishnamoorthy, GM of Synopsys EDA Group, said in a statement. "They're finding optimal results far faster as the .ai learns run-to-run, and it's transforming their ability to meet and beat tough design and productivity targets."
Synopsys.ai was unveiled at the company's annual developer conference.
Late last month, Synopsys (SNPS) entered into an accelerated share repurchase agreement with Bank of America to buy back $300M worth of its stock.