Synopsys names insider Ghazi as CEO, forecasts stronger fourth quarter

Chip design software company Synopsys on Wednesday named 25-year-veteran Sassine Ghazi as its CEO and president, and forecast better-than-expected fourth-quarter results as artificial intelligence (AI) innovations fuel demand for custom semiconductor design.

The company said Ghazi, who brings with him decades of chip design and applications engineering experience, will succeed Aart de Geus next January. Geus, co-founder of Synopsys, will move to the role of executive chair.