India, Oct. 1 -- Synopsys, Inc. (SNPS), an electronic design automation company, late Wednesday issued positive outlook for fiscal 2027 and updated long-term growth targets to reflect accelerating revenue and expanding non-GAAP operating margins.
The company also announced its intent to repurchase around $1 billion of Synopsys shares over the coming months, subject to market conditions.
Separately, Synopsys announced a multi-year agreement with OpenAI to collaborate as preferred partners to develop and deliver GPT-Synopsys, a specialized model for chip design.
The strategic partnership will bring together OpenAI's frontier AI with Synopsys' trusted EDA tools and chip design expertise. The deal includes a revenue sharing arrangement and g...