(Reuters) - Synopsys ( SNPS ) forecast second-quarter revenue above Wall Street estimates on Wednesday, boosted by growing demand for its software used in designing chips.

Companies such as Amazon ( AMZN ), Google and Apple are investing in designing their own chips, as are carmakers and other businesses, helping drive demand for Synopsys' ( SNPS ) software.

The company sees second-quarter revenue between $1.59 billion and $1.62 billion, the midpoint of which is slightly above analysts' estimates of $1.60 billion, according to data compiled by LSEG.

On an adjusted basis, the company sees per-share earnings to be between $3.37 and $3.42 for the second quarter, compared with analysts' estimates of $3.35.

Synopsys ( SNPS ), which partners with chip companies such as Nvidia ( NVDA ), Qualcomm ( QCOM ) and Intel ( INTC ), provides software and hardware used for designing advanced processors.

Semiconductor firms also use Synopsys' ( SNPS ) AI-powered electronic design automation suite, Synopsys.ai, to improve complex chip designs.

Revenue from the company's design automation unit - its largest segment, which includes digital and custom integrated circuit design software - was $1.02 billion in the first quarter.

Synopsys ( SNPS ) posted revenue of $1.46 billion, slightly below analysts' estimates of $1.47 billion for the first quarter.