<?php
$a=1;
?>
<?=$a;?>
What does <?= mean exactly?
<?php
$a=1;
?>
<?=$a;?>
What does <?= mean exactly?
 
    
     
    
    It's a shorthand for <?php echo $a; ?>.
It's enabled by default since 5.4.0 regardless of php.ini settings.
 
    
     
    
    It's a shorthand for this:
<?php echo $a; ?>
They're called short tags; see example #1 in the documentation.
 
    
     
    
    Since it wouldn't add any value to repeat that it means echo, I thought you'd like to see what means in PHP exactly:
Array
(
    [0] => Array
        (
            [0] => 368 // T_OPEN_TAG_WITH_ECHO
            [1] => <?=
            [2] => 1
        )
    [1] => Array
        (
            [0] => 309 // T_VARIABLE
            [1] => $a
            [2] => 1
        )
    [2] => ; // UNKNOWN (because it is optional (ignored))
    [3] => Array
        (
            [0] => 369 // T_CLOSE_TAG
            [1] => ?>
            [2] => 1
        )
)
You can use this code to test it yourself:
$tokens = token_get_all('<?=$a;?>');
print_r($tokens);
foreach($tokens as $token){
    echo token_name((int) $token[0]), PHP_EOL;
}
From the List of Parser Tokens, here is what T_OPEN_TAG_WITH_ECHO links to.
 
    
    <?= $a ?> is the same as <? echo $a; ?>, just shorthand for convenience.
 
    
    As of PHP 5.4.0, 
    <?=   ?>
are always available even without the short_open_tag set in php.ini.
Furthermore, as of PHP 7.0, The ASP tags:
    <%, %> 
and the script tag 
    <script language="php"> 
are removed from PHP.
 
    
    It's a shortcut for <?php echo $a; ?> if short_open_tags are enabled. Ref: http://php.net/manual/en/ini.core.php
 
    
    I hope it doesn't get deprecated. While writing <? blah code ?> is fairly unnecessary and confusable with XHTML, <?= isn't, for obvious reasons. Unfortunately I don't use it, because short_open_tag seems to be disabled more and more.
Update: I do use <?= again now, because it is enabled by default with PHP 5.4.0.
See http://php.net/manual/en/language.basic-syntax.phptags.php