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SNPS.US
id: 1013

Synopsys (SNPS) DoC Investigation of Barred Technology Transfer Case

  • News outlets reported Synopsys is under investigation by DoC over providing chip designs and software to Huawei’s HiSilicon.
  • On it, $SNPS fell 1.32%, losing $624M+ of shareholder value.
  • Investors may suspect Synopsys of unlawful business practices, which led to their losses.
On April 13, 2022, news outlets reported that Synopsys was under investigation by the U.S. DoC.

Investigators suspected that Synopsys provided chip designs and software to Huawei Technologies Co.’s HiSilicon unit for manufacture at SMIC. U.S. companies are barred from selling some types of technology to Huawei and SMIC because they’ve been designated as threats to national security by the Commerce Department’s Bureau of Industry and Security.

On this news, $SNPS fell 1.32% and lost over $624 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect Synopsys of unlawful business practices, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
13 April 2022
Collecting participants…

Synopsys Inc

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integri...

    Ticker
    SNPS.US
    ISIN
    US8716071076
    CIK
    883241
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    675 Almanor Avenue, Sunnyvale, CA, United States, 94085