Demand for Semiconductors Is ‘Relentless,’ Says Synopsis CEO

“Robust” semiconductor and electronics market demand helped Synopsis to a 25% revenue increase to $1.28 billion in its fiscal Q2 ended April 30, said CEO Aart de Geus on an earnings call Wednesday. In consumer and business applications, “the need for electronics and chips is relentless,” he said. “We’ve seen growing demand, not only from our traditional semi and systems customers, but also from impactful new entrants such as hyperscalers, a mounting number of startups and nontraditional systems companies across vertical markets.” Despite “macroeconomic choppiness” in an uncertain geopolitical environment, “these companies are investing heavily in highly complex chips,” said the CEO.