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Synopsys India, part of $2-billion Nasdaq-listed Electronic Design Automation (EDA) conglomerate Synopsys Inc – plans to partner with small semiconductor design companies, in a bid to expand its footprint.
Talking to BusinessLine , Chi-Foon Chan, President and co-CEO of Synopsys, said that as the software business is growing, it is looking to partner with a different profile of companies.
“Our software business is $100 million and we can grow around 20-30 per cent this year,” he said.
Besides this, the company will also continue to partner with multinational tech giants such as Intel, Qualcomm, Texas Instruments, Brocade and Freescale for EDA and software capabilities.
In industry parlance, EDA means a category of software tools used to design USB ports, printed circuit boards, etc.
“A lot of talented people are setting up their ventures and having worked with multinationals they have sufficient knowledge of this ecosystem and we plan to capitalise on that,” said Chan.
Synopsys feels that its expertise in designing chips in combination with building software that goes into these chips is an area of growth.
“If you see bulk of the technology world is powered by software and we feel that our expertise in design will complement our strength in software,” said Chan. The company – with a spate of recent acquisitions abroad – has made this strategy clear to market watchers and competitors. “Our acquisition of a company that checks the integrity of software is in line with this.
Also, as software proliferates, the chances of it getting compromised are also high, which is the reason we acquired a company in the security space,” explained Chan.
Synopsys has offices in Bengaluru, Hyderabad, Mumbai, Noida and New Delhi, has about 1,800 employees in these offices.
“We are looking for more architects who can think out of the box, said Chan adding that IP creation is an area of concern as only 2 per cent contribution comes from India. Apart from the multinational majors, Synposys also works with services companies such as Wipro, TCS and HCL.
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