The tech layoff wave has reached Synopsys, the EDA heavyweight powering much of the world’s chip design. As noted by Reuters, the company plans to cut about 10% of its workforce, roughly 2,000 employees, as it shifts investment toward new growth areas, according to a regulatory filing released on...

Despite the U.S. easing export restrictions to China for chip design software in early July, EDA heavyweight Synopsys is feeling the strain. The company reported third-quarter earnings below expectations, attributing the shortfall to a slowdown in its Design IP segment and difficulties faced by a ma...

According to Bloomberg, the Trump administration has eased certain export license requirements for selling EDA software to China. As part of a trade agreement finalized last week, the U.S. agreed to permit shipments of chip design tools, ethane, and jet engines—on the condition that Beijing honors...

According to a report from Reuters, citing sources, Synopsys has partially resumed services after suspending them earlier this month to comply with new U.S. export restrictions. However, sales of key EDA tools remain suspended, preventing the company from onboarding new customers, as the report note...

With U.S. EDA restrictions still in place, Beijing is reportedly blocking Synopsys’ $35 billion merger with Ansys, according to the Financial Times. Insiders reportedly reveal China’s antitrust regulator has delayed approval of the deal between the world’s largest and fourth-largest EDA giants...