Cadence Design Systems is in the news as chipmakers face US-China trade tensions impacting EDA software sales. Founded in 1988, it’s a key player in chip design tools.
Synopsys, a leading provider of electronic design software, announced a strategic shift after its quarterly report revealed underperformance in its IP development. CEO Sassine Ghazi cited export restrictions and challenges with a major foundry customer in China as key factors. The company plans to reduce headcount by 10% and refocus resources, causing shares to fall over 19%.