Synopsys stock jumps 5% to $548 after China export ban lifts
Key Points
- Synopsys stock surged nearly 5% to $548.74 after the U.S. li...
Synopsys stock shot up nearly 5% to $548.74 today after the U.S. decided to play nice with China again, lifting export restrictions on chip-design software. For a company that gets 16% of its revenue from China, this news hit better than finding a twenty-dollar bill in last winter's coat pocket.
When Your Business Model Depends on Diplomatic Mood Swings
The Electronic Design Automation (EDA) market has been walking on diplomatic eggshells since late May, when previous restrictions left Synopsys executives scrambling to figure out how to run a global tech company with one hand tied behind...
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