The article highlights the geopolitical tensions surrounding China's control over rare earth materials and its implications for the semiconductor industry. Major firms like Synopsys and Cadence, which control a significant share of China's EDA software market, are facing ramifications from new export controls. Despite past restrictions, the companies continue to report substantial revenue from China. The text emphasizes the broader impact of export policies on U.S.-China technology competition and the strategies of companies adapting to regulatory changes.
In fiscal year 2024, Synopsys reported almost $1 billion in China sales, roughly 16 percent of its revenue. Cadence said China accounted for $550 million or 12 percent of its revenue.
Siemens expressed its commitment to adapt to new export controls while maintaining operations globally, highlighting a long history of supporting customers in China.
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