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Cadence, Synopsys sink after US tells EDA companies to halt China sales: report

Flag of USA and China on a processor, 3d render.

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Shares of U.S. electronic design automation companies, such as Cadence Design Systems (NASDAQ:CDNS) and Synopsys (NASDAQ:SNPS), were deep in the red on Wednesday afternoon after the U.S. Department of Commerce told them to stop selling chipmaking hardware and

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