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US Purportedly Orders Halt on Chip Sales to CN; Chip Software Stocks Slump 10%+
Recommend 1 Positive 8 Negative 5 |
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The White House has instructed chip design software companies Cadence (CDNS.US) and Synopsys (SNPS.US) to cease sales to Chinese customers, leading to a slump of over 10% in their stock prices by market close, reported the Financial Times. The US Department of Commerce's Bureau of Industry and Security has sent letters to these two companies and Siemens, report told. Cadence and Synopsys have yet to respond. AASTOCKS Financial News Website: www.aastocks.com |
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