01:29 PM EDT, 05/29/2025 (MT Newswires) -- Synopsys ( SNPS ) shares were down 5.2% in recent trading on Thursday after the company suspended its fiscal Q3 and fiscal year 2025 guidance.

The company said it received a letter from the Bureau of Industry and Security of the US Department of Commerce regarding new export restrictions to China.

"Synopsys ( SNPS ) is currently assessing the potential impact of the BIS letter on its business, operating results and financial condition," the company said in a statement.

Price: 438.37, Change: -24.06, Percent Change: -5.20