Some other top-ranked stocks worth considering are Applied Materials, Inc. CDNS and Mentor Graphics Corp., a challenging technology spending environment and uncertainty regarding the exact time of realizing acquisition synergies keep us on the side-lines.Ĭurrently, Synopsys carries a Zacks Rank #2 (Buy). However, competition from Cadence Design Systems Inc. Synopsys has returned 36.7%, while the industry gained 25.5%. Notably, in the year-to-date period, the stock has outperformed the industry to which it belongs to. In short, the acquisition will enhance its technical efficiency along with augmenting product and service portfolio.Īccording to Synopsys, "The QuantumWise technology is a key component of our DTCO solution as it enables the systematic evaluation of new materials by providing TCAD models in the very early stages of technology research before wafers are available." Consequently, the acquisition will help Synopsys to reduce the costly and time-consuming test wafer runs when evolving a new semiconductor device or technology.įurthermore, through the acquisition, Synopsys will gain QuantumWise’s customers thereby boosting the top line. By using QuantumWise's solutions, the company will be able to create a higher-quality initial Process Design Kits (PDKs) for Design-Technology Co-Optimization (DTCO). The acquisition is expected to strengthen its position in the TCAD business.
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