Like many technology industry segments, the electronic design automation (EDA) chip tool space is not immune to buzzy technology trends that attract the attention of the “Big Three” tool vendors – Synopsys, Siemens EDA (formerly Mentor Graphics), and Cadence. The effect of these trends is to set off a horse race that pits each company’s particular approach against the others. Today, that EDA space trend is Silicon Lifecycle Management.
In an earlier story,
Design News covered Synopsy s expansion into the chip product lifecycle space. Now it’s time for another perspective.
Many industry insiders point to Siemens EDA (the new name for pioneering EDA company Mentor Graphics) and its June 2020 acquisition of the UK-based silicon lifecycle leader UltraSoc as the next significant play for the current silicon lifecycle trend.
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Synopsys Earnings Conference Call for the First Quarter of Fiscal Year 2021. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, today s call is being recorded. And at this time, I would like to turn the conference over to Lisa Ewbank, Vice President of Investor Relations. Please go ahead.
Lisa L. Ewbank
Vice President of Investor Relations
Thank you, Laurie. Good afternoon, everyone. With us today are Aart de Geus, Chairman and Co-CEO of Synopsys and Trac Pham, Chief Financial Officer. Before we begin, I d like to remind everyone that during the course of this conference call, Synopsys will discuss forecasts, targets, and other forward-looking statements regarding the company and its financial results. While these statements represent our best current judgment