Synopsys Offers New IP Solution

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Synopsys Inc. (SNPS) has come up with a 28-nm Multi-Gear MIPI Alliance M-PHY IP, which is used for six varied mobile applications. This new IP technology is compliant with different speeds, different mobile device and is also capable of handling a broad range of high-speed interfaces for mobile applications.

This DesignWare product has the capability of providing a multi-gear solution, and it also supports different interconnect protocols, which includes the JEDEC Universal Flash Storage (UFS), the USB SuperSpeed Inter-Chip (:SSIC), and the MIPI Alliance's Low Latency Interface (:LLI), apart from the DigRF v4 and future CSI-3 and DSI-2 interfaces.

Separately, the company has also devised a new IP solution in collaboration with Arteris, Inc., the inventor and leading supplier of network-on-chip (NoC) interconnect IP solutions. The collaboration led them to implement an MIPI Alliance Low Latency Interface (:LLI) 1.0 specification, which would help mobile phones to deliver high performance with low power consumption in a compact silicon footprint, thus, helping the manufacturer to save on the phone memory cost. 

Apart from the introduction of these new products and strategic collaborations, the company is also focusing on acquisition for growth. Strategic acquisitions have always been Synopsys’ ploy to strengthen its product portfolio. In 2011, the company made a number of acquisitions.

In October, Synopsys completed the acquisition of privately-held electronic design automation (:EDA) company, Extreme DA. The acquisition gives Synopsys access to the existing product portfolio along with gaining the customer base of the acquired company.

Improved operating performance and cost-control steps enabled Synopsys to report an encouraging fourth quarter. The company also announced the acquisition of Magma Design Automation Inc., a chip design software manufacturer, which is expected to boost profitability. The first quarter 2011 guidance is also encouraging.

Synopsys’ product innovation strategy, the popularity of its time-based license model and its strong cash position make us optimistic about Synopsys. Although Synopsys is gaining traction from new products and acquisitions, we believe these will take some time to produce favorable results. Besides, the company is also facing competition from Cadence Design Systems (CDNS).

Synopsys currently has a Zacks #2 Rank (short-term Buy rating).

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