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Bloomberg

Synopsys Suspends Guidance After Letter About Export Curbs

Synopsys Inc. suspended its financial guidance for the current quarter and the full fiscal year after receiving word from the US government of new restrictions on exports to China. The company said it got a letter from the Commerce Department's Bureau of Industry and Security informing it of the new curbs on Thursday. 'Synopsys is currently assessing the potential impact of the BIS Letter on its business, operating results and financial condition,' the company said in a statement.