Synopsys, Inc. (NASDAQ:SNPS) Q4 2022 Earnings Call Transcript

Aart de Geus: Okay, well the first one is turnaround time reduction for everybody and that in itself is interesting because if you remember my other comments about moving into a whole different league of complexity, while people will continue to push on performance and power and right now they’re pushing on making just sure that they can finish the job, and in that context, improving the turnaround time is extremely valuable. But the other thing is that in many areas, it opens up doors that they didn’t have before because if you can work in multiple nodes, the question is can you also start to translate from one node into another. And we have in the last 12 months specifically seen more and more really outstanding experiments and showcases where we helped people move from one node and design in let’s say the next node or even some nodes that are quite different from the ones where they started with the benefit of the learning from the original node.

And I think that that opens the fertile space because in reality, most design is redesigned. You try to always use what you did in the past. And the question is, how easy is that when the past becomes more and more complex? And that’s where AI I think has a lot of potential going forward. So, sometimes you call that retargeting or remastering and I think it’s going to be a lot of need for that.

Ruben Roy: Very good. Thank you, Aart.

Aart de Geus: Thank you.

Operator: And that concludes the question-and-answer session. I would like to turn the call over to Aart de Geus for closing comments.

Aart de Geus: Well, first and foremost, thank you for all the support and the good questions over the last year. I think we concluded a very strong year. Of course, again, it’s a very strong market, but I think we also demonstrated that there’s momentum going forward. And so that 2023, even without Trac, will be a good year for us. And we thank Trac one more time. We also thank you for your support and for your continuing support of our stock. With that, have a great rest of the year, and we’ll talk to you soon.

Operator: Thank you. And that does conclude today’s presentation. Thank you for your participation, and you may now disconnect.