Reported 1 day ago
Shares of Synopsys fell nearly 35%, threatening to erase earnings for 2025 as U.S.-China trade tensions hindered quarterly revenue. The company reported $1.74 billion in revenue, missing estimates, and faced weak performance in its intellectual property segment due to export restrictions and issues with a major foundry customer. Analysts note that confidence among Chinese customers has declined significantly, prompting Synopsys to review its business strategy and plan a 10% workforce reduction by the end of fiscal 2026.
Source: YAHOO