00:02 Speaker A Now, time for some of today’s trending tickers. We are watching Synopsys, Novo Nordisk and Chewy. 00:09 Speaker A First up is Synopsys, the chip design software maker plunging after warning that US export restrictions are contributing to a slowdown in China. That’s the largest market for semiconductors. 00:23 Speaker A The…
Shares of chip-design software maker Synopsys plummeted in extended trading after warning that US export restrictions are contributing to a slowdown in China, the largest market for semiconductors. As part of the company’s quarterly report on Tuesday, CEO Sassine Ghazi said that a push to develop its own intellectual property (IP) was not achieving the…
(Reuters) -Chip design software provider Synopsys missed Wall Street estimates for third-quarter revenue on Tuesday, hurt by weakness in its Design IP business, sending shares down nearly 18.5% after the bell. The segment includes Synopsys’ interface, security and embedded processor intellectual property, along with IP implementation services. The underperformance in the segment was caused by…
U.S. President Donald Trump is reportedly dialing down his rhetoric in order to secure direct talks with his Chinese counterpart, Xi Jinping, and a possible trade deal. Bloomberg quoted unnamed White House sources saying Trump is increasingly pursuing purchase agreements that resemble deals he made in his first term and pushing for quick wins, rather than…
A Chinese engineer who worked on semiconductors at Apple has returned home to teach at his alma mater in Wuhan, capital of central Hubei province, joining a wave of scientists and other tech talent to leave the United States. Wang Huanyu – who worked as an implementation engineer for central processing units at Apple’s US…