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Stock impact report

China's top chip design tool maker cedes control to state-owned firm after US blacklisting [Yahoo! Finance]

Synopsys, Inc. (SNPS) 
Last synopsys, inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
blacklist, signalling growing government oversight of the semiconductor industry as Washington continues to tighten restrictions. Beijing-based Empyrean Technology - China's top alternative to US-based Cadence, Synopsys and Siemens EDA, which dominate the electronic design automation (EDA) tool market - said in a corporate filing on Monday that its board of directors granted China Electronics Corporation (CEC) full control of the company. Its stock price surged 9 per cent to 134 yuan in Shenzhen on Tuesday. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Four Empyrean directors quit the board, paving the way for CEC, which indirectly holds a 34 per equity stake in the company, to take a total of six seats on the 11-seat board. A shareholder meeting is scheduled later this month to e Show less Read more
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