In response to the downturn in the semiconductor market, Synopsys also announced layoffs.

(Bloomberg)

[Financial Channel/Comprehensive Report] The wave of layoffs in the global technology industry continues. TSMC’s long-term partner, the American electronic design automation company Synopsys, also announced layoffs, and will lay off 102 people in Silicon Valley.

According to comprehensive media reports, Synopsys told the California Employment Development Department (EDD) that it will lay off employees in Mountain View and Sunnyvale. The layoffs will be permanent, starting from March 31. take effect,

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According to documents submitted to EDD, most of the affected employees are designers, software and technical engineers.

Synopsys has 16,361 employees worldwide, including 2,691 in Silicon Valley, according to Business Daily.

Synopsys' share price has fallen by more than 5% since the past six months, closing at $349.88 on Monday (30th).

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