{"id":16638,"date":"2023-06-14T23:56:00","date_gmt":"2023-06-14T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=16638"},"modified":"2025-07-07T08:31:12","modified_gmt":"2025-07-07T00:31:12","slug":"eda-synopsys-cadence-mentor","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/","title":{"rendered":"Three EDA oligopoly vendors: Synopsys, Cadence, and Siemens&#8217;s Mentor Graphics"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Introduction_to_EDA\" >Introduction to EDA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#What_is_EDA\" >What is EDA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#What_makes_EDA_special\" >What makes EDA special?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#The_necessity_of_EDA\" >The necessity of EDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#How_big_is_the_global_EDA_market_size\" >How big is the global EDA market size?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#EDA_is_the_starting_point_of_the_chip\" >EDA is the starting point of the chip<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#What_I_have_in_my_book_about_EDA\" >What I have in my book about EDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#EDA_vendors_dominate_TSMC_fate\" >EDA vendors dominate TSMC fate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Embargo_on_advanced_process_EDA_software_to_China\" >Embargo on advanced process EDA software to China<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#The_three_major_oligopolists_in_the_EDA_market\" >The three major oligopolists in the EDA market<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#The_Next_Wave_of_Computing_Innovation_Is_Happening\" >The Next Wave of Computing Innovation Is Happening<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Advanced_packaging\" >Advanced packaging<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Integration_of_IP\" >Integration of IP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#The_more_complicate_the_better_for_EDA\" >The more complicate the better for EDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Software_Subscriptions_Licensing_Model\" >Software Subscriptions Licensing Model<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Put_them_in_watch_list\" >Put them in watch list<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Valuation\" >Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#About_Synopsys\" >About Synopsys<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#EDA_will_hold_the_key_in_the_next_decade\" >EDA will hold the key in the next decade<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_to_EDA\"><\/span>Introduction to EDA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_EDA\"><\/span>What is EDA?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Electronic Design Automation (EDA) refers to the use of computer software tools to automate the process of complex electronic product design (mainly referring to the design of semiconductor chips) to shorten product development time.<\/p>\n\n\n\n<p>In more detail, the work of EDA software covers the following series of automated processes necessary for chip design:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Logic design<\/li>\n\n\n\n<li>Circuit system design<\/li>\n\n\n\n<li>System simulation<\/li>\n\n\n\n<li>Performance analysis<\/li>\n\n\n\n<li>Design the circuit layout diagram of the printed circuit board<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_makes_EDA_special\"><\/span>What makes EDA special?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>I mentioned in the previous article &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/25\/the-lucrative-semiconductor-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">The lucrative semiconductor supply chain<\/a>&#8221; that there is a group of special semiconductor design software in the semiconductor supply chain, mainly referring to EDA. EDA software can be said to be the most upstream of the entire modern semiconductor industry. Without it, there would be no modern semiconductors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_necessity_of_EDA\"><\/span>The necessity of EDA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Because semiconductor designs are becoming more and more complex, the work of chip design is of course becoming more and more complicated day by day. It is no longer possible for modern chip design to be like half a century ago when semiconductors were just invented, only a few people could start from scratch and take care of all the functions on a chip; it is necessary to rely on EDA software to assist in completing the entire process, the complex, huge, and complete design process of the chip.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_big_is_the_global_EDA_market_size\"><\/span>How big is the global EDA market size?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>According to Grand View Research, the global aggregate EDA software market was valued at $11.1 billion in global revenue in 2022 and is expected to reach $22.2 billion in global revenue in 2030, representing a 9.1% compound annual growth rate.<\/p>\n\n\n\n<p>Based on Electronic System Design Alliance\u2019s breakdown of the EDA market, including Semiconductor IP, which was valued at $14.9 billion in global revenue in 2023.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EDA_is_the_starting_point_of_the_chip\"><\/span>EDA is the starting point of the chip<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_I_have_in_my_book_about_EDA\"><\/span>What I have in my book about EDA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In my recently published book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of 10 Baggers<\/a>&#8220;, I discussed EDA, as well as Synopsys, Cadence, and Mentor Graphics, the three major EDA oligopoly companies:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Section 3-2, page 123, discussion of semiconductor companies<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EDA_vendors_dominate_TSMC_fate\"><\/span>EDA vendors dominate TSMC fate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Because EDA software is located at the most upstream of semiconductors, TSMC (ticker: TSM) is a semiconductor foundry. If EDA software cannot be obtained, it means that all subsequent manufacturing processes related to the factory will not be possible.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Embargo_on_advanced_process_EDA_software_to_China\"><\/span>Embargo on advanced process EDA software to China<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This is why the U.S. Department of Commerce has added a ban on EDA software to the new ban on Chinese semiconductors in 2022: it stipulates a restricted range: the EDA software tools necessary for the design of GAAFET circuits necessary for advanced semiconductors are prohibited from exporting to China.<\/p>\n\n\n\n<p>The GAAFET (Gate-All-Around FET) is the key to breaking through the technology node of 3nm and below in the wafer foundry process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_three_major_oligopolists_in_the_EDA_market\"><\/span>The three major oligopolists in the EDA market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>But the global EDA market is dominated by three little-known but crucial companies to the semiconductor industry: Synopsys (ticker: SNPS), Cadence (ticker: CDNS), and Mentor Graphics (ticker: SIEGY) has been acquired by the Siemens Group. Therefore, from any point of view, these three companies are good investments in the semiconductor industry (or software industry).<\/p>\n\n\n\n<p>The three major oligopoly companies have a global EDA market share of about 78%, and a market share in China as high as 85%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Next_Wave_of_Computing_Innovation_Is_Happening\"><\/span>The Next Wave of Computing Innovation Is Happening<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advanced_packaging\"><\/span>Advanced packaging<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To push computing performance to new levels, chip designers are adopting new ways of packaging semiconductor systems&#8211;such as chiplet technology, which packs multiple smaller chips into a larger integrated circuit. Some chip designers, like Intel (ticker: INTC ), believe that multiple suppliers will be involved in supplying parts for the chiplet computing architecture model.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Integration_of_IP\"><\/span>Integration of IP<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Other innovations include embedding software or other designers&#8217; existing excellent intellectual property licensed IP into the chip early in the design process; it can shorten the chip design time and quickly increase the chip&#8217;s functions, which can also be used to improve chip performance. Software technologies also help speed development time with capabilities such as molecular-level simulations of chips, artificial intelligence tools to solve design problems, and the use of pre-designed, customizable circuits to expedite overall design.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_more_complicate_the_better_for_EDA\"><\/span>The more complicate the better for EDA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All of this requires a sophisticated suite of software to coordinate all the engineering teams and stakeholders involved in designing modern computing systems. This is where Synopsys and Cadence come into play. There are many similarities in the work of the two software companies, but like Mentor Graphics (now owned by German industrial conglomerate Siemens), they are both important parts of the chip industry process. Whether you are a semiconductor designer, chip manufacturer, computing system assembler or software engineer, Synopsys or Cadence is likely to be an important part of the software lineup used.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Software_Subscriptions_Licensing_Model\"><\/span>Software Subscriptions Licensing Model<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>And since Synopsys and Cadence mostly adopt the software subscription licensing model, they can provide stable growth figures. This is in stark contrast to many other companies in the semiconductor industry, which have distinct boom and bust cycles that ebb and flow with economic or semiconductor sales boom and bust cycles.<\/p>\n\n\n\n<p>But the EDA software where Synopsys and Cadence are located will not. Due to their similarities, Synopsys and Cadence stock performance have moved in tandem with each other, but both handily beat the market in 2022. When it comes to Synopsys and Cadence , it can\u2019t help but remind people of the two major online credit card providers Visa (ticker: V) and Mastercard (ticker: MA). Yes, the status is the same.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Put_them_in_watch_list\"><\/span>Put them in watch list<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Due to the high valuation, I have been hesitant to buy Synopsys or Cadence for a long time, holding a wait-and-see attitude. But as the bear market in 2023 is likely to continue and the next wave of computing technology begins to be commercialized, investors should be able to watch closely.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Valuation\"><\/span>Valuation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Synopsys trades at about 32 times free cash flow and Cadence 42, both well deserved. Both companies are growing at a steady pace, are highly profitable, have strong balance sheets, and both continue to repurchase shares.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Metric (<strong>December,<\/strong> 2022)<\/th><th>Synopsys<\/th><th>Cadence<\/th><\/tr><\/thead><tbody><tr><td>Revenue growth for the most recent quarter<\/td><td>11.5%<\/td><td>20%<\/td><\/tr><tr><td>Operating margin for the trailing 12 months<\/td><td>23.1%<\/td><td>30.8%<\/td><\/tr><tr><td>Trailing 12 Months Free Cash Flow Margin<\/td><td>31.5%<\/td><td>31.7%<\/td><\/tr><tr><td>Share repurchases over the past 12 months<\/td><td>US$ 862 million<\/td><td>US$ 865 million<\/td><\/tr><tr><td>Total cash and short-term investments<\/td><td>US$ 1.57 billion<\/td><td>US$ 1.09 billion<\/td><\/tr><tr><td>Total debt<\/td><td>US$ 20.8 million<\/td><td>US$ 798 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Synopsys\"><\/span>About Synopsys<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>From this table, you may think that Synopsys&#8217; financial and valuation indicators are worse, and there are reasons for this. Since Synopsys recently acquired OpenEye Scientific, it also assumed some new debt as a result. Synopsys&#8217; sales also rose 21% in the recently ended fiscal 2022, so the two companies&#8217; growth profiles are much closer than the most recent quarter suggested.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EDA_will_hold_the_key_in_the_next_decade\"><\/span>EDA will hold the key in the next decade<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>But please don\u2019t get me wrong, the next decade\u2019s advances in computing technology are already well underway, and computing power relies heavily on advanced semiconductor chips. Synopsys (please see my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/22\/how-synopsis-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Synopsis, the EDA oligopoly, make money?<\/a>&#8220;) and Cadence  (please see my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/22\/how-cadence-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does, the EDA oligopoly, Cadence make money?<\/a>&#8220;) will play a key role in it.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"124\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2022\/12\/e-1600x1200-1.jpg\" alt=\"synopsys, cadence,mentor graphics, eda\" class=\"wp-image-16642\"\/><figcaption class=\"wp-element-caption\">credit:wikimedia<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/07\/06\/the-thinking-machine\/\">A must-read for Nvidia investors\uff02The Thinking Machine\uff02<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/05\/05\/vertical-software\/\">Vertical software is expensive, but worth the investment<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/30\/software-pe-ratio\/\">Software PE ratio is about twice that of hardware. What is the basis?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/13\/there-are-indeed-monopoly\/\">There are indeed monopoly in this world<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/28\/how-does-onto-make-money\/\">How does Onto make money? 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A rare case of turning defeat into victory<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/02\/05\/amd-jaw-dropping\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why is AMD\u2019s performance so jaw-dropping?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/01\/qualcomm-diversifies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Qualcomm diversifies success, no nonger highly dependend on phone<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/29\/how-arm-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does the ubiquitous Arm make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/23\/significant-changes-in-broadcoms-business-approach\/\" target=\"_blank\" rel=\"noreferrer noopener\">Significant changes in Broadcom\u2019s business approach<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/03\/04\/data-center-a-rapidly-growing-semiconductor-field\/\">Data center, a rapidly growing semiconductor field<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/18\/applied-materials\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Applied Materials, lord of semiconductor equipment, make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/12\/lam-research-chip-equipment\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Lam Research, top chip equipment player, make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/25\/the-lucrative-semiconductor-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">The lucrative semiconductor supply chain<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/01\/25\/global-semiconductor-chip-market-in-detail\/\" target=\"_blank\" rel=\"noreferrer noopener\">Global semiconductor chip market in detail, big dominators and markets<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/07\/semiconductor-investment\/\" target=\"_blank\" rel=\"noreferrer noopener\">6 common wrong semiconductor investment myths<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/23\/3rd-gen-semiconductor\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gen 3 semiconductor<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/14\/eda-synopsys-cadence-mentor\/\">Three EDA oligopoly vendors: Synopsys, Cadence, and Mentor Graphics<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/22\/how-cadence-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does, the EDA oligopoly, Cadence make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/22\/how-synopsis-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Synopsis, the EDA oligopoly, make money?<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>EDA software can be said to be the most upstream of the entire modern semiconductor industry. Without it, there would be no modern semiconductors., Three EDA oligopoly vendors: Synopsys, Cadence, and Mentor Graphics<\/p>\n","protected":false},"author":1,"featured_media":16642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110,678,485,122],"tags":[418,41,160,666,419,260,140],"class_list":["post-16638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-semiconductor","category-ip-moats-and-competitive-advantages","category-oligopoly","category-software","tag-cdns","tag-intc","tag-ma","tag-siegy","tag-snps","tag-tsm","tag-v"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/16638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=16638"}],"version-history":[{"count":47,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/16638\/revisions"}],"predecessor-version":[{"id":37354,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/16638\/revisions\/37354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/16642"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=16638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=16638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=16638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}