Synopsys has suspended its financial guidance for the third quarter of FY 2025 and full fiscal year 2025, and has reportedly ordered China staff to halt sales and services, having received a letter from the Bureau of Industry and Security of the U.S. Department of Commerce heralding new export restrictions in China that will impact semiconductor software.
Rumblings of such new restrictions started earlier this week; however, Synopsys denied having received any intimation of the new restrictions as late as May 28. Turns out the letter was still in the post. On May 29, Synopsis issued a statement that reads: "Synopsys, Inc. (Nasdaq: SNPS) has suspended its financial guidance for the third quarter of fiscal year 2025 and full fiscal year 2025."
