Reported about 6 hours ago
Shares of Synopsys Inc. plummeted 36% in a single day, marking the company's largest decline ever, as the trade war and new US export restrictions on semiconductors adversely affected sales in China. CEO Sassine Ghazi revealed that underperformance in the intellectual property sector and challenges from a major foundry customer also contributed to disappointing financial results, prompting a refocus of resources and a 10% workforce reduction.
Source: YAHOO