Synopsys vs Cadence Design
Side-by-side comparison of AI visibility scores, market position, and capabilities
Synopsys (SNPS) reported $6.1B revenue in FY2024, up 15% YoY. World's #1 EDA software company. Critical for AI chip design. ~20,000 employees. HQ: Sunnyvale, CA. Market cap ~$60B.
About
Synopsys, Inc. is the world's leading provider of electronic design automation (EDA) software and semiconductor IP, headquartered in Sunnyvale, California. Founded in 1986, Synopsys develops the software tools that engineers use to design and verify complex chips — from AI accelerators to smartphone processors. Without EDA software, modern semiconductor design at nanometer scales would be impossible. Synopsys reported revenues of $6.1B in FY2024 (ending October 2024), up 15% year-over-year, with a market capitalization approaching $60B.
Cadence Design (CDNS) reported $4.6B revenue in FY2024, up 13% YoY. #2 EDA software company. Essential for AI chip design. ~10,000 employees. HQ: San Jose, CA. Market cap ~$70B.
About
Cadence Design Systems is the world's second-largest electronic design automation (EDA) company, headquartered in San Jose, California. Founded in 1988, Cadence develops tools and IP that semiconductor engineers use to design, simulate, and verify chips. The company reported $4.6B in revenue for FY2024, up 13% year-over-year, with a market cap of approximately $70B. Cadence tools are critical to NVIDIA's GPU design, Apple's chip development, and the broader AI semiconductor supply chain.
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