Synopsys (NASDAQ:SNPS) is a technology company that belongs to the industry of semiconductor equipment and materials. The company provides electronic design automation, or EDA, software that is used by the designers of integrated circuits; commonly known as chips. The company also provides semiconductor intellectual property, or IP, products. They are pre-designed circuits that can be used by chip makers as a component of a larger chip design. Synopsys also provides related services. The company generated 63% of its revenue from core EDA services in the fiscal year 2013. The semiconductor IP made up around 25% of the revenue. These are the main revenue drivers of the company.
Source: Synopsys second quarter fiscal 2014 financial disclosure supplement
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