Synopsys, a leading semiconductor design and verification company, inaugurated its Chip Design Center at the DLF Tech Park in Noida, India, last week. The event was led by Shri Rajeev Chandrasekhar, Union Minister of State for Electronics and IT, Skill Development, and Entrepreneurship, and Jal Shakti. The inauguration drew a distinguished audience, including senior leadership, employees, partners, and delegates from Synopsys.
A New Era of Innovation in India’s Semiconductor Space
The inauguration of Synopsys’ Chip Design Center in Noida marks a new era of innovation in India’s semiconductor space. The coming decade will see innovation-driven performances in devices, products, and systems. There is significant headroom for innovation and growth today, under the leadership of our Hon’ble Prime Minister, Narendra Modi Ji. Synopsys is rewriting both performance and manufacturing processes. It is as much about what the semiconductor ecosystem is going to be as it is about the innovation in packaging, design, and the software that drives the innovation.
Positive Impact on Noida’s Property Prices
The inauguration of Synopsys’ Chip Design Center in Noida is expected to have a positive impact on the property prices of Residential and Commercial properties in the area. The center is expected to attract a large number of highly skilled professionals, which will increase the demand for housing and commercial spaces in the area. This is likely to lead to an increase in property prices in the area, making it an attractive investment opportunity for real estate Investors.
Synopsys’ Contribution to India’s Technological Advancement
Dr. Aart de Geus, founder of Synopsys, acknowledged the parallel growth of Synopsys and India, expressing excitement about the future of the partnership. He highlighted the substantial investment and acquisition of startups that culminated in the establishment of the Noida Center, which will act as a hub for innovation. Synopsys offers a diverse design portfolio, including silicon and software, which has played a pivotal role in generating $5.9 billion in revenue. As a dominant force in EDA tools and interfaces, foundations, and physical IPs, Synopsys has secured a prominent position within the industry. Demonstrating confidence in Indian design talent, Synopsys has established the second-largest design center in India, extending beyond its headquarters. This center is now the workplace for around 6,000 engineers from India, constituting 27% of their global design workforce.
The expanding presence of Synopsys in Noida, initially hosting 1,650 engineers, underscores the growing ecosystem of fabless chip design and innovation in India. Synopsys’ India Center is a beacon of excellence that required substantial investments and the acquisition of eight startups. This facility, a true center of excellence, serves as a cohesive hub. As we reflect on this partnership, it’s not merely a collaboration; it’s a shared home where ambitions and innovations thrive. India, now in its exciting phase of semiconductors and electronics, finds a perfect ally in Synopsys, marking the beginning of an even more promising chapter in technology and growth.