TetraMem Utilizes Synopsys Cloud FlexEDA for 12nm AI SoC Tapeout
TetraMem successfully taped out its MLX300 AI system-on-chip using Synopsys' cloud-enabled EDA solutions, marking a milestone in analog in-memory computing.
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Morgan Stanley analyst Lee Simpson maintains Synopsys (NASDAQ:SNPS) with a Overweight and raises the price target from $500 to $574.
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TetraMem successfully taped out its MLX300 AI system-on-chip using Synopsys' cloud-enabled EDA solutions, marking a milestone in analog in-memory computing.
As AI adoption shifts from infrastructure building to productivity gains, Synopsys emerges as a potential winner by providing chip design software and IP. The company targets $17 billion in revenue and $8.5 billion in operating income by fiscal 2030, but valuation risks could limit shareholder returns despite strong earnings growth projections.