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Explosion of Customer Base and Importance of Silicon in Business
The trend of companies designing their own chips has led to an explosion of customer base for silicon companies, where eight of the top 10 market cap companies in the world design their own chips. Companies like Apple and Berkshire Hathaway have significantly influenced this trend, with the importance of silicon in their business growing rapidly. This trend is evident in the significant revenue shift for Synopsis, from 100% semiconductor companies 15 years ago to 45% system companies today, contributing to a substantial revenue increase from a billion and a half to six billion.