Synopsys Stock Plunge: US-China Trade War Impact

Synopsys stock plummeted 35% in a day, erasing yearly gains, after disappointing earnings revealed the impact of US-China tech export friction. Restrictions on chip design software hit Synopsys' Chinese business hard, and while lifted in July, uncertainty persists. A major customer's struggles, possibly Intel, compounded the issue, sparking industry-wide concerns as competitor Cadence also fell. The tech world now watches trade policies closely, as Synopsys navigates this volatile landscape. Hosted on Acast. See acast.com/privacy for more information.