Synopsys Issues Statement in Connection to the Lifting of Recent U.S. Export Restrictions Related to China

Rhea-AI Summary

Synopsys (Nasdaq: SNPS) announced that the U.S. Department of Commerce's Bureau of Industry and Security has lifted certain export restrictions to China that were previously imposed on May 29, 2025. The company received official notification on July 2, 2025, confirming the immediate rescission of these restrictions.

The company is now actively working to restore access to previously restricted products in the Chinese market while continuing to evaluate the broader impact of export restrictions on its business operations, results, and financial performance.

Positive

• Lifting of specific export restrictions to China
• Ability to restore access to previously restricted products in Chinese market

Negative

• Ongoing assessment of broader export restrictions' impact on business
• Potential uncertainty regarding future China-related trade policies

SUNNYVALE, Calif., July 2, 2025 /PRNewswire/ -- Today, Synopsys, Inc. (Nasdaq: SNPS) issued the below statement in connection with the lifting of recent U.S. export restrictions related to China.

On July 2, Synopsys received a letter from the Bureau of Industry and Security of the U.S. Department of Commerce informing Synopsys that the export restrictions related to China, pursuant to a letter received on May 29, 2025, have now been rescinded, effective immediately. Synopsys is working to restore access to the recently restricted products in China. Synopsys is continuing to assess the impact of export restrictions related to China on its business, operating results and financials. 

About Synopsys
Catalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow.  Learn more at www.synopsys.com.

INVESTOR CONTACT:
Trey Campbell
Synopsys, Inc.
650-584-4289
Synopsys-ir@synopsys.com

EDITORIAL CONTACT:
Cara Walker
Synopsys, Inc.
650-584-5000
corp-pr@synopsys.com

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the restoration of access of Synopsys products to our customers in China and the potential impact of the export restrictions. These statements involve risks, uncertainties and other factors, including those factors listed in Synopsys' most recent reports on Form 10-K and Form 10-Q, that could cause our actual results, time frames or achievements to differ materially from those expressed or implied in such forward-looking statements. The information provided herein is as of July 2, 2025. Synopsys undertakes no duty to, and does not intend to, update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law.

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SOURCE Synopsys, Inc.

FAQ

What export restrictions were lifted for Synopsys (SNPS) in China?

The U.S. Department of Commerce's Bureau of Industry and Security rescinded specific export restrictions that were imposed on May 29, 2025, allowing Synopsys to restore access to previously restricted products in China.

When did Synopsys receive notification about the lifting of China export restrictions?

Synopsys received official notification from the Bureau of Industry and Security on July 2, 2025 about the immediate lifting of certain China export restrictions.

How will the lifting of export restrictions affect Synopsys' business in China?

Synopsys is working to restore access to previously restricted products in China, though the company is still assessing the overall impact of export restrictions on its business, operating results, and financials.

What products were affected by the Synopsys China export restrictions?

The specific products affected by the restrictions were not detailed in the announcement, but Synopsys has confirmed they are working to restore access to these previously restricted products in China.