From Yahoo Finance: 2025-05-28 16:16:00

Synopsys forecasts third-quarter revenue above estimates due to high demand for semiconductor design software for AI chips. Shares rise after initial drop following reports of U.S. restrictions on chip sales to China. CEO confirms no notice from BIS. Revenue in Q2 matches expectations. Robust demand from Europe and South Korea offsets slowdown in China. Q3 revenue projected to be $1.76-$1.79 billion. U.S. FTC requires divestment for Synopsys-Ansys merger. Regulatory clearances secured except in China. Anticipated merger closure in first half of year. Synopsys provides software and hardware for advanced processor design for partners like Nvidia, Intel, and Qualcomm.



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