Why Cadence Design Systems Plunged Late in the Day Today
Shares of electronic design automation company Cadence Design Systems (NASDAQ: CDNS) dropped late Wednesday, finishing the day down 10.4%.Cadence is just one of a handful of companies that makes the software semiconductor designers use to design chips. With the increasing variety of chips and number of chipmakers proliferating over the past decade, it has been an excellent business.However, a Financial Times article published late Wednesday said that the Trump administration may cut off these companies' Chinese revenues.Continue reading
Shares of electronic design automation company Cadence Design Systems (NASDAQ: CDNS) dropped late Wednesday, finishing the day down 10.4%.
Cadence is just one of a handful of companies that makes the software semiconductor designers use to design chips. With the increasing variety of chips and number of chipmakers proliferating over the past decade, it has been an excellent business.
However, a Financial Times article published late Wednesday said that the Trump administration may cut off these companies' Chinese revenues.
