Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Is the ECB certain to cut interest rates on Thursday?

June 1, 2025

China targets chip, quantum advances with 2030 metrology action plan in tech race with US

June 1, 2025

Saab CEO sees Europe streamlining defence demands amid spending push – Business & Finance

June 1, 2025
Facebook X (Twitter) Instagram
Sunday, June 1
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Tech war: US chip design software firm Synopsys halts China sales
Business

Tech war: US chip design software firm Synopsys halts China sales

adminBy adminMay 31, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 11


Semiconductor design software firm Synopsys has told staff in China to halt services and sales in the country and stop taking new orders to comply with new US export restrictions, according to an internal letter reviewed by Reuters.

The US had ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already granted to certain suppliers, Reuters reported on Wednesday, citing people familiar with the matter.

Products affected include design software and chemicals for semiconductors, they said.

Synopsys on Thursday suspended its annual and quarterly forecasts after it received a letter from the Bureau of Industry and Security of the US Department of Commerce, informing it of new export restrictions related to China.

The internal letter sent to staff in China on Friday said “based on our initial interpretation, these new restrictions broadly prohibit the sales of our products and services in China and are effective as of May 29, 2025”.

To ensure compliance, Synopsys said it was blocking sales and fulfilment in China and halting new orders until it received further clarification.

03:01

US appeals court allows Donald Trump’s tariffs to stay in effect

US appeals court allows Donald Trump’s tariffs to stay in effect



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

From riches to rags: Hong Kong’s veteran property investors grapple with market downturn

June 1, 2025
Business

Apple faces another year of iPhone shipment decline in China as Huawei gains ground

June 1, 2025
Business

Exclusive | Deloitte China launches global office to help mainland clients navigate trade tensions

June 1, 2025
Business

Tepid sales at Hong Kong’s Uni Residence as competition heats up in new home market

May 31, 2025
Business

The future of mining: how China is upgrading traditional industry with driverless EVs

May 31, 2025
Business

Hong Kong regains favour as investors turn to mainland China and yuan: Deutsche Bank

May 31, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Saab CEO sees Europe streamlining defence demands amid spending push – Business & Finance

June 1, 2025

EU threatens countermeasures over Trump’s steel tariffs hike – Business & Finance

June 1, 2025

Prices of essential kitchen items show rising trend – Business & Finance

May 31, 2025

Govt urged to craft a budget that reflects commitment to progress – Business & Finance

May 31, 2025
Latest Posts

Trump says will double steel, aluminium tariffs to 50pc – World

June 1, 2025

Cotton import bill goes up by 114pc – Business

June 1, 2025

Pakistan gets help for precision agri initiative – Business

June 1, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Is the ECB certain to cut interest rates on Thursday?
  • China targets chip, quantum advances with 2030 metrology action plan in tech race with US
  • Saab CEO sees Europe streamlining defence demands amid spending push – Business & Finance
  • EU threatens countermeasures over Trump’s steel tariffs hike – Business & Finance
  • China keeps a low profile at Shangri-La Dialogue. What does that mean?

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Is the ECB certain to cut interest rates on Thursday?

June 1, 2025

China targets chip, quantum advances with 2030 metrology action plan in tech race with US

June 1, 2025

Saab CEO sees Europe streamlining defence demands amid spending push – Business & Finance

June 1, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.