Synopsys

Business Context

• Synopsys delivered fiscal 2024 revenue of $6.13 billion, up 15.2% year-over-year, driven by AI chip design tool demand.
• Completed $35 billion Ansys acquisition in July 2025, expanding addressable market to $31 billion across EDA and multi-physics simulation.
• NVIDIA invested $2 billion in Synopsys common stock at $414.79 per share in December 2025 to deepen accelerated computing partnership.
• Synopsys holds approximately 31% of the global EDA market, serving semiconductor designers whose AI workloads drive compute-intensive tool usage.

Commitments

• SBTi-validated target to reduce absolute Scope 1 and 2 GHG emissions 55% by 2032 from 2019 baseline.
• Reduce Scope 3 emissions from employee commuting and business travel 62% per employee by 2032.
• Committed that 45% of suppliers by spend will have science-based targets by 2027.

Energy Strategy

A modest virtual PPA portfolio concentrated in Texas and anchored by a single 90 MW solar deal, supplemented by one small European physical PPA.

• Signed 90 MW Millers Branch Solar VPPA with Southern Power in Texas in November 2024, expected operational Q4 2026—the portfolio's dominant asset.
• Added 7 MW Catania Solar physical PPA with Aquila Clean Energy in Italy in July 2025, the first tracked deal outside the U.S.
• The 2021 Azure Sky Wind VPPA with Enel enabled approximately 40,000 MWh annually, roughly half of 2022 North American demand.
• Portfolio remains small relative to hyperscale peers despite EDA software's cloud-compute intensity and exposure to AI chip design growth.