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Synopsys Inc . (NASDAQ:SNPS), a prominent player in the software industry with a market capitalization of $81 billion, announced Wednesday that the Bureau of Industry and Security of the U.S. Department of Commerce has rescinded export restrictions related to China, effective immediately. The company received official notice from the agency on July 2, following an earlier communication on May 29 regarding the restrictions.
According to a press release statement, Synopsys is working to restore access to its recently restricted products in China. The company, which maintains impressive gross profit margins of 81% and generates annual revenue of $6.2 billion, stated that it continues to assess the impact of the export restrictions on its business, operating results, and financials.
Synopsys, headquartered in Sunnyvale, California, is listed on the Nasdaq Global Select Market. The information is based on a statement included in a recent SEC filing. According to InvestingPro analysis, the company maintains strong financial health with multiple positive indicators. Subscribers can access the comprehensive Pro Research Report for deeper insights into Synopsys’s market position and growth potential.
In other recent news, Synopsys, Inc. has suspended its financial guidance for the third quarter and the full fiscal year of 2025 due to new export restrictions related to China, as communicated by the U.S. Department of Commerce. Prior to this, Synopsys had projected third-quarter revenue between $1.755 billion and $1.785 billion, with full-year revenue guidance of $6.745 billion to $6.805 billion. Meanwhile, China’s market regulator has postponed approval of the planned $35 billion merger between Synopsys and Ansys (NASDAQ:ANSS), following tightened U.S. export controls against China.
In collaboration news, Synopsys and Samsung (KS:005930) Foundry have advanced chip designs for edge AI and high-performance computing, achieving a successful customer tape out and certification for AI-driven digital and analog flows. Additionally, Synopsys has demonstrated successful interoperability between its PCIe 6.x IP solution and Broadcom (NASDAQ:AVGO)’s PEX90000 series switch, highlighting readiness for high-performance computing and AI-driven data center applications. These developments reflect ongoing efforts to enhance semiconductor technologies and address industry challenges. Investors and stakeholders will be closely monitoring these evolving situations.
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