Market Chatter: Synopsys to Discontinue Chip Manufacturing Software to Focus on AI Design

MT Newswires Live07-07

Synopsys (SNPS) plans to stop its production process control software suite for semiconductor manufacturers to redirect resources toward higher-margin artificial intelligence design, Reuters reported Tuesday, citing six unnamed sources briefed on the matter.

The company has notified over 10 semiconductor makers, including Samsung Electronics, SK Hynix and Qorvo (QRVO), of the planned changes, which will limit future support to maintenance agreements, two sources told the news outlet.

The decision affects automated fabrication tools used for tracking and identifying production issues and has led to a few dozen job cuts, Reuters reported, citing sources.

Synopsys, Samsung, SK Hynix and Qorvo did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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