Synopsys Q3 Miss: Export Rules and Foundry Woes

Synopsys stock plummeted nearly 19% after disappointing Q3 earnings! Missed revenue targets, blamed on export rule changes impacting Chinese deals and a major foundry partner pulling out, rocked the chip design giant. Despite a tough quarter and competitor Cadence thriving, Synopsys forecasts a strong Q4 and remains bullish, citing key partnerships with Nvidia, Intel, and Qualcomm. Is this a temporary setback or a sign of deeper issues? Hosted on Acast. See acast.com/privacy for more information.