Canada needs to take Trump's tariff threats seriously: experts

Mexico has been taking a bashing lately for allegedly serving as a conduit for Chinese parts and products into North America, and officials here are afraid a re-elected Donald Trump or politically struggling Canadian Prime Minister Justin Trudeau could try to leave their country out of the US-Mexico-Canada free trade agreement. Mexico’s ruling Morena party is so afraid of losing the trade deal that President Claudia Sheinbaum said Friday the government has gone on a campaign to get companies to replace Chinese parts with locally made ones. “We have a plan with the aim of substituting these imports that come from China, and producing the majority of them in Mexico, either with Mexican companies or primarily North American companies,” Sheinbaum said. While Sheinbaum claimed Mexico had been working on that effort since t he 2021 global supply chain crisis — when factories around the world were stalled by a lack of parts and particularly computer chips from Asia — it appears to be an uphill battle. Even the United States has faced big challenges in moving chip production back home despite billions in subsidies and incentives. Mexico gained tens of thousands of jobs when U.S. and foreign automakers moved their plants to Mexico under the free trade pact to take advantage of much lower wages. But the idea that Chinese parts — or even whole cars — could be piggybacking on that arrangement to further hollow out the U.S. auto industry has enraged some people north of the border. So Mexico is scrambling with private companies to get them to move parts production here. “Next year, God willing, we are going to start making microchips in Mexico,” Mexican Economy Secretary Marcelo Ebrard said on Thursday. “Of course they’re not yet the most advanced chips, but we are going to start producing them here.” Mexico’s nationalistic ruling party, which is normally very resistant to being seen as bending to U.S. demands, is scrambling in other ways, too. The ruling party is in the process of eliminating a half-dozen independent regulatory and oversight agencies that were established by former presidents. That includes the anti-monopoly, transparency and energy regulatory bodies. Together with reforms that will make all judges stand for election in Mexico, that has sparked concern in the U.S. and Canada. Countries are required under the agreement to have some independent agencies, in part to protect foreign investors. For example, they could prevent a government from approving a monopoly for a state-owned company that could force competitors out of the market. So ruling-party legislators are actually re-writing the proposed laws to exactly mimic the minimum accepted requirements under the trade accord. “What is being done is to create a reform so that its almost exactly equal to what exists in the United States, so we can clear that up,” Ebrard said. It’s all part of a very legalistic defense of the trade accord, signed in 2018 and approved in 2019. Mexico hopes the rules of the agreement would prevent the U.S. or Canada from simply walking away when the trade pact comes up for review in 2026. Experts agree, saying that totally abandoning the accord is unlikely. Gabriela Siller, director of economic analysis of the financial group Banco Base notes that if a country is dissatisfied with the trade agreement during the periodic reviews, like in 2026, there is a clause in the pact that says they can ask for a review each year to work out a solution, and keep doing that for a decade while the agreement remains in force. “That is, they wouldn’t be able to get out until 2036,” Siller said. “I think they will play hardball with Mexico in the 2026 review.” Like any marriage, when the pact no longer works for one party, it may still drag on for years but it’s death by a thousand cuts. C.J. Mahoney. who served as deputy U.S. trade representative in Trump’s first administration, said in a talk for the Texas-based Baker Institute in September that the United States probably wouldn’t end the trade agreement. But with growingly vocal critics of the pact it could hold up renewing it for years. “The costs of not renewing immediately are actually quite relatively low,” Mahoney said. “I think the inclination to just kick the can down the road will be pretty strong.” Because many companies won’t make big investments in production facilities without certainty, that could be a serious if not fatal blow to the pact. How much does Mexico actually buy from China? Mexican officials say they have fewer imports of Chinese parts and products than the United States does. But given the enormous size difference between the two countries’ economies, it is a true but weak argument. In July, the U.S. imposed tariffs on steel and aluminum shipped from Mexico that were made elsewhere, in an attempt to stop China from avoiding import taxes by routing goods through Mexico. It includes a 25% tariff on steel not melted or poured in Mexico and a 10% tariff on aluminum. Sen. Sherrod Brown, an Ohio Democrat, has called for stopping Mexican steel imports, saying “the alarming rise in Chinese steel and aluminum coming into the country through Mexico ... is unsustainable and a threat to American jobs, as well as our economy and national security.” In the end, Mexico may be forced to crack down on Chinese imports, but it won’t be easy. “Reducing the dependence on Chinese imports is not going to be achieved in the short or medium term,” said José María Ramos, a professor of public administration at the Colegio de la Frontera Norte in Tijuana.PVH: Fiscal Q3 Earnings SnapshotThe hosts hit back from 3-1 down to win. Antoine Griezmann kept Atletico Madrid’s LaLiga title challenge on track as they staged a remarkable fightback to beat Sevilla 4-3. Diego Simeone’s men, who had taken an early lead through Rodrigo de Paul, trailed 3-1 after Dodi Lukebakio, Isaac Romero and Juanlu Sanchez scored without reply. However, Griezmann reduced the deficit before substitute Samuel Lino set up a grandstand finish during which the 33-year-old former France international scored the winner four minutes into stoppage time. Aitor Paredes and Inaki Williams struck either side of half-time as Athletic Bilbao got the better of the clash between the sides sitting in fourth and fifth places before kick-off with a 2-0 win over Villarreal. Goals from Brais Mendez, substitute Ander Barrenetxea and Mikel Oyarzabal handed Real Sociedad a routine 3-0 victory at Leganes. Kike Garcia’s doubled earned lowly Alaves a 2-2 draw at Osasuna, who had fought back from 1-0 down in the first minute to lead 2-1 through Ante Budimir and Ruben Garcia. Gustav Isaksen denied Napoli the chance to go top of Serie A as Lazio emerged from their trip to the Diego Armando Maradona Stadium with a 1-0 victory. Isaksen’s 79th-minute goal left the second-placed hosts two points worse off than leaders Atalanta and as many ahead of Inter Milan and Fiorentina, who both have a game in hand. Danilo Cataldi’s long-range strike was enough to maintain Fiorentina’s promising start to the campaign with a 1-0 home win over Cagliari. Sebastiano Esposito’s double and further goals from Liberato Cacace and early substitute Lorenzo Colombo either side of Casper Tengstedt’s consolation saw Empoli win 4-1 at lowly Verona, with the scoring completed by half-time. Gaetano Oristanio’s equaliser ensured bottom-of-the-table Venezia emerged from their showdown with fellow strugglers Como with a 2-2 home draw. The hosts led through Hans Nicolussi Caviglia but found themselves 2-1 down after Antonio Candela’s own goal and a second for the visitors from Andrea Belotti before Oristanio intervened. Mason Greenwood had a penalty saved but scored from the rebound as Marseille climbed to within five points of Ligue 1 leaders Paris St Germain with a 2-0 win at St Etienne. The visitors were leading through Adrien Rabiot’s first-half opener when Greenwood’s spot-kick was repelled by Gautier Larsonneur, but the keeper could not prevent him from pouncing on the loose ball to claim his 10 league goal of the campaign, equalling his previous best for a season. Remy Labeau-Lacary’s opener and a late own goal from keeper Benjamin Lecomte eased Lens to a 2-0 win over basement boys Montpellier. Moses Simon fired home an 89th-minute winner as Nantes beat Rennes 1-0 after the visitors had played the entire second half down to 10 men following Mikayil Faye’s stoppage-time dismissal for a challenge on Kalvin Amian. Substitute Christopher Wooh thought he had levelled with a header in added time, but his effort was chalked off after a VAR review. Strasbourg substitute Jeremy Sebas hit the bar three minutes from time as his side drew 0-0 with Reims. Jonas Wind came off the bench to fire Wolfsburg to a dramatic 4-3 Bundesliga victory over Mainz. The hosts trailed 1-0, 2-1 and 3-2 after Paul Nebel twice and Jonathan Burkardt had struck, but equalisers from Mohammed Amoura and Tiago Tomas set up substitute Wind to level at 3-3 before winning it deep into stoppage time. Freiburg’s Matthias Ginter and Hoffenheim’s Tom Bischof were both on target within five second-half minutes as it finished 1-1 at the PreZero Arena.

LPGA, USGA to require players to be assigned female at birth or transition before puberty

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The Disconnect Between Friday Khutbas And Current Affairs: Need To Revive The Essence Of The Pulpit The Friday Khutba (sermon) holds a unique and sacred position in Islam. Historically, it has served as a platform for spiritual rejuvenation, moral guidance, and a reflection of the prevailing socio-political and economic circumstances of the community. The pulpit, therefore, is not just a religious podium but a beacon of enlightenment, encouraging the community to navigate their worldly challenges while upholding their spiritual principles. However, in many parts of the Muslim world today, the Khutbas seem to have drifted from addressing current affairs, often delving into repetitive and abstract theological discussions that fail to connect with the realities of the congregation. This detachment raises a provocative question: why are our Friday sermons so far removed from current affairs, and how can we reclaim the essence of the pulpit? The true purpose of the Friday Khutba lies in its capacity to address the pressing needs of the Muslim Ummah (community). Prophet Muhammad (Peace Be Upon Him) used the Khutba to educate, inspire, and mobilize the community, addressing real issues such as justice, charity, leadership, and societal responsibilities. The Khutba was not limited to exhorting piety but was also a medium for public service announcements, community decisions, and even diplomatic guidance. Historically, Khutbas during the Rashidun and subsequent caliphates reflected the challenges of the time, ranging from matters of governance to external threats. These sermons served as a call to action, urging Muslims to embody the principles of Islam in their daily lives and communal obligations. The current disconnects in contemporary times, the Khutba has largely become ceremonial, with many sermons confined to generic exhortations about faith, worship, and personal morality. While these are undoubtedly important, this limited scope often neglects the pressing social, economic, and political challenges faced by the community. Why has this shift occurred? Lack of awareness or preparation some imams may lack the requisite knowledge or skills to discuss contemporary issues effectively. Delivering a well-researched and impactful Khutba on current affairs requires preparation, critical thinking, and an understanding of both Islamic principles and modern realities—a combination not always present in those entrusted with the pulpit. Disconnection from the audience, a significant number of imams fail to engage with their congregations or understand their challenges. This disconnect creates a gap between the pulpit and the pews, rendering the Khutba irrelevant to the lived experiences of the attendees. As a consequence, of cultural and historical myopia, some preachers focus excessively on historical anecdotes and abstract theological debates, sidelining the application of Islamic principles to contemporary challenges. While historical narratives are valuable, their relevance diminishes when not linked to current contexts. The consequences of irrelevant Khutbas have caused detachment that has far-reaching implications. The pulpit, instead of being a source of guidance and empowerment, becomes a ritualistic formality. As a result, the youth are disengaged. Young Muslims, grappling with identity crises, societal pressures, and global challenges, find little solace or direction in sermons that fail to address their realities. The community is fragmented, and the lack of guidance on contemporary issues exacerbates disunity within the Muslim Ummah, leaving individuals to navigate challenges in isolation. Moral and social decline ensues without relevant and timely guidance and societal problems such as corruption, substance abuse, domestic violence, and economic exploitation continue unabated. Islam is perceived as irrelevant for non-Muslims and even some Muslims, the faith appears disconnected from the modern world, reinforcing stereotypes about its incompatibility with contemporary life. Reviving the essence of the pulpit “To reclaim the pulpit as a platform of relevance and empowerment, several steps must be undertaken: The Role of the Congregation While imams play a pivotal role, the congregation must also demand relevance and engagement from their Khutbas. Communities should support and encourage imams to address pressing issues, creating a culture where the pulpit becomes a shared space for learning and growth. The Friday Khutba is more than a ritual; it is a responsibility. The pulpit should not shy away from addressing the realities of the world, for Islam is a faith that encompasses all aspects of life. Reviving the essence of the Khutba means reclaiming it as a platform of relevance, inspiration, and action. By bridging the gap between faith and reality, the Khutba can once again become the guiding light it was meant to be, empowering Muslims to navigate their challenges while upholding the principles of Islam. Let us transform our sermons into catalysts for change, making them as vibrant and dynamic as the faith they represent. The writer is a Consultant Surgeon and a policy analyst at Mubarak Hospital Srinagar, and a Certified National and International Expert on Healthcare Quality and Accreditation. A postgraduate in Islamic Studies, he is actively involved in positive perception management of moral, social and religious issues.

Mickey, Minnie, Goffy and Wemby

HONG KONG , Nov. 23, 2024 /PRNewswire/ -- On November 21 , China Telecom Gulf was officially launched in Riyadh . This milestone marks a significant step in China Telecom's efforts to provide deep services under the "Belt and Road Initiative" and to promote the building of a "China-Arab Community with a Shared Future." It signifies another solid advancement on China Telecom's path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company(STC), Bank of China , Huawei, and others attended to witness this momentous occasion. In his address, Mr. Liu Guiqing emphasized China Telecom's commitment to openness, cooperation, and mutual benefit. He expressed the company's willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers. Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia's socio-economic development and practical cooperation between China and Saudi Arabia in various fields. China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa . Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe. During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers. The establishment of China Telecom's presence in Saudi Arabia marks a major milestone in the company's entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom's robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East's digital economy, while striving to become a world-class provider of digital and intelligent technology services. SOURCE China Telecom Global

We needed it – Pep Guardiola relieved to end Man City’s winless runNatixis Advisors LLC boosted its stake in Belden Inc. ( NYSE:BDC – Free Report ) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,239 shares of the industrial products company’s stock after buying an additional 741 shares during the period. Natixis Advisors LLC’s holdings in Belden were worth $4,596,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of the stock. KBC Group NV lifted its holdings in Belden by 27.8% in the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock worth $148,000 after buying an additional 274 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Belden by 3.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 17,494 shares of the industrial products company’s stock worth $2,049,000 after buying an additional 617 shares during the period. GSA Capital Partners LLP purchased a new stake in Belden in the third quarter worth about $687,000. Los Angeles Capital Management LLC purchased a new stake in Belden in the third quarter worth about $608,000. Finally, Atria Investments Inc lifted its holdings in Belden by 9.5% in the third quarter. Atria Investments Inc now owns 6,340 shares of the industrial products company’s stock worth $743,000 after buying an additional 552 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors. Insiders Place Their Bets In other Belden news, CAO Doug Zink sold 3,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $128.82, for a total value of $386,460.00. Following the sale, the chief accounting officer now owns 6,643 shares in the company, valued at $855,751.26. The trade was a 31.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Corporate insiders own 1.59% of the company’s stock. Belden Price Performance Belden ( NYSE:BDC – Get Free Report ) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.09. The company had revenue of $654.90 million during the quarter, compared to the consensus estimate of $643.63 million. Belden had a net margin of 7.61% and a return on equity of 20.55%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. As a group, equities research analysts anticipate that Belden Inc. will post 6.12 earnings per share for the current fiscal year. Belden Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, December 12th. Belden’s dividend payout ratio (DPR) is 4.65%. Wall Street Analyst Weigh In A number of brokerages have weighed in on BDC. Benchmark raised their target price on shares of Belden from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial raised their target price on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $122.75. View Our Latest Report on BDC About Belden ( Free Report ) Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation. Featured Articles Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belden Inc. ( NYSE:BDC – Free Report ). Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.com's FREE daily email newsletter .

Explore Breakthroughs in AI Hardware at Our LinkedIn Live Webinar SANTA CLARA, Calif. , Dec. 4, 2024 /PRNewswire/ -- Achronix Semiconductor Corporation , a leader in FPGA-based hardware accelerator devices and high-performance eFPGA IP, is excited to announce an upcoming LinkedIn Live Webinar in collaboration with Google and Myrtle.ai and moderated by Alex Woodie , Managing Editor - BIGDatawire. The demand for energy-efficient, high-performance hardware is reshaping AI inferencing as large language models (LLMs), like Llama3, continue to revolutionize natural language processing. Join us at "The Rise of FPGA-Accelerated LLMs" LinkedIn Live webinar to dive into the transformative role of FPGA acceleration in AI workloads. Event Details: What You'll Learn: Featured Speakers: Why You Should Attend: Who Should Attend? This webinar is ideal for AI/ML engineers, CTOs, and technology decision-makers eager to stay ahead in AI inferencing and discover cutting-edge hardware solutions. Don't Miss Out! Secure your spot today and join us for this must-attend discussion on the future of AI hardware. Register Here About Achronix: Achronix is a global leader in FPGA-based hardware solutions, enabling unmatched acceleration for AI, networking, and data-intensive workloads. Products include the Speedster®7t FPGA family , SpeedcoreTM eFPGA IP , and VectorPath® accelerator cards , all supported by Achronix ACE software tools . Founded in 2004, Achronix has a proven track record of innovation and market leadership in the semiconductor industry. For more information, please visit www.achronix.com Media Contact: Jay Aggarwal Sr. Director of Product Marketing, Achronix jayaggarwal@achronix.com (408) 889-4100 View original content to download multimedia: https://www.prnewswire.com/news-releases/fpga-accelerated-llms-the-future-of-ai-inferencing-is-here-302322185.html SOURCE AchronixGarrett's comments about his future add wrinkle to Browns' worst season since 0-16 in 2017Results Summary 1 SUNNYVALE, Calif. , Dec. 4, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today reported results for its fourth quarter and fiscal year 2024. Revenue for the fourth quarter of fiscal year 2024 was $1.636 billion , compared to $1.467 billion for the fourth quarter of fiscal year 2023. Revenue for fiscal year 2024 was $6.127 billion , an increase of approximately 15% from $5.318 billion in fiscal year 2023. "The fourth quarter was a strong finish to a transformational year for Synopsys. We achieved record financial results while doubling down on our strategy with the sale of our Software Integrity business and the pending acquisition of Ansys," said Sassine Ghazi , president and CEO of Synopsys. "Looking ahead, the AI-driven reinvention of compute is accelerating the pace, scale and complexity of technology R&D, which expands our opportunity to solve engineering challenges from silicon to systems." "Continued strong execution drove excellent Q4 results, which exceeded the midpoint of our guidance targets and capped a year of 15% revenue growth for the company," said Shelagh Glaser , CFO of Synopsys. "The combination of our execution focus, operating discipline, and the critical nature of our industry-leading technology positions us well for the future. In 2025, we expect to deliver double-digit revenue growth grounded in pragmatism given continued macro uncertainties and the impact of our fiscal year calendar change." Synopsys' previously announced acquisition of Ansys is expected to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions. This week marked the expiration of the Hart-Scott-Rodino (HSR) Act waiting period, and Synopsys is working cooperatively with Federal Trade Commission (FTC) staff to conclude the investigation and the staff's review of Synopsys' proposed remedies. _______________________________________________ 1 On September 30, 2024, Synopsys completed the sale of its Software Integrity business. Synopsys' Software Integrity business has been presented as a discontinued operation in the consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis unless otherwise noted. Continuing Operations On September 30, 2024 , Synopsys completed the sale of its Software Integrity business. Unless otherwise noted, Synopsys' Software Integrity business has been presented as a discontinued operation in the Synopsys' consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis. GAAP Results On a U.S. generally accepted accounting principles (GAAP) basis, net income for the fourth quarter of fiscal year 2024 was $279.3 million , or $1.79 per diluted share, compared to $346.1 million , or $2.23 per diluted share, for the fourth quarter of fiscal year 2023. GAAP net income for fiscal year 2024 was $1.442 billion , or $9.25 per diluted share, compared to $1.227 billion , or $7.91 per diluted share, for fiscal year 2023. Non-GAAP Results On a non-GAAP basis, net income for the fourth quarter of fiscal year 2024 was $529.9 million , or $3.40 per diluted share, compared to non-GAAP net income of $464.1 million , or $3.00 per diluted share, for the fourth quarter of fiscal year 2023. Non-GAAP net income for fiscal year 2024 was $2.058 billion , or $13.20 per diluted share, compared to non-GAAP net income of $1.636 billion , or $10.54 per diluted share, for fiscal year 2023. For a reconciliation of net income, earnings per diluted share and other measures on a GAAP and non-GAAP basis, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Business Segments Synopsys reports revenue and operating income in two segments: (1) Design Automation, which includes our advanced silicon design, verification products and services, system integration products and services, digital, custom and field programmable gate array IC design software, verification software and hardware products, manufacturing software products and other and (2) Design IP, which includes our interface, foundation, security, and embedded processor IP, IP subsystems, and IP implementation services. Financial Targets Synopsys also provided its consolidated financial targets for the first quarter and full fiscal year 2025. These targets reflect a change in Synopsys' fiscal year from a 52/53-week period ending on the Saturday nearest to October 31 of each year to October 31 of each year. As a result of this change, there will be ten fewer days in the first half of fiscal year 2025 and two extra days in the second half of fiscal year 2025, which results in eight fewer days in the aggregate in Synopsys' fiscal year 2025 as compared to its fiscal year 2024. These targets also assume no further changes to export control restrictions or the current U.S. government "Entity List" restrictions. These targets constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below. First Quarter and Full Fiscal Year 2025 Financial Targets (1) (in millions except per share amounts) Range for Three Months Ending Range for Fiscal Year Ending January 31, 2025 October 31, 2025 Low High Low High Revenue $ 1,435 $ 1,465 $ 6,745 $ 6,805 GAAP Expenses $ 1,142 $ 1,162 $ 4,926 $ 4,983 Non-GAAP Expenses $ 945 $ 955 $ 4,045 $ 4,085 Non-GAAP Interest and Other Income (Expense), net $ 20 $ 22 $ 94 $ 98 Non-GAAP Tax Rate 16 % 16 % 16 % 16 % Outstanding Shares (fully diluted) 156 158 157 159 GAAP EPS $ 1.81 $ 1.95 $ 10.42 $ 10.63 Non-GAAP EPS $ 2.77 $ 2.82 $ 14.88 $ 14.96 Operating Cash Flow ~ $1,800 Free Cash Flow (2) ~ $1,600 Capital Expenditures ~ $170 (1) Synopsys' first quarter of fiscal year 2025 will end on January 31, 2025 and its fiscal year 2025 will end on October 31, 2025. (2) Free cash flow is calculated as cash provided from operating activities less capital expenditures. For a reconciliation of Synopsys' first quarter and fiscal year 2025 targets, including expenses, earnings per diluted share and other measures on a GAAP and non-GAAP basis and a discussion of the financial targets that we are not able to reconcile without unreasonable efforts, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Earnings Call Open to Investors Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m. Pacific Time. A live webcast of the call will be available on Synopsys' corporate website at investor.synopsys.com . Synopsys uses its website as a tool to disclose important information about Synopsys and comply with its disclosure obligations under Regulation Fair Disclosure. A webcast replay will also be available on the corporate website from approximately 5:30 p.m. Pacific Time today through the time Synopsys announces its results for the first quarter of fiscal year 2025 in February 2025. Effectiveness of Information The targets included in this press release, the statements made during the earnings conference call, the information contained in the financial supplement and the corporate overview presentation, each of which are available on Synopsys' corporate website at www.synopsys.com (collectively, the " Earnings Materials "), represent Synopsys' expectations and beliefs as of December 4, 2024 . Although these Earnings Materials will remain available on Synopsys' website through the date of the earnings call for the first quarter of fiscal year 2025, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys undertakes no duty and does not intend to update any forward-looking statement, whether as a result of new information or future events, or otherwise update, the targets given in this press release unless required by law. Availability of Final Financial Statements Synopsys will include final financial statements for the fiscal year 2024 in its annual report on Form 10-K to be filed on or before January 2, 2025 . About Synopsys Catalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com . Reconciliation of Fourth Quarter and Fiscal Year 2024 Results The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income, earnings per diluted share, and tax rate for the periods indicated below. GAAP to Non-GAAP Reconciliation of Fourth Quarter and Fiscal Year 2024 Results (1) (unaudited and in thousands, except per share amounts) Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations attributed to Synopsys $ 279,281 $ 346,051 $ 1,441,710 $ 1,227,045 Adjustments: Amortization of acquired intangible assets 54,258 14,886 104,220 50,477 Stock-based compensation 165,116 128,286 656,632 511,730 Acquisition/divestiture related items 62,428 4,016 172,638 13,831 Restructuring charges — (1,348) — 53,091 Gain on sale of strategic investments — — (55,077) — Tax settlement — — — (23,752) Tax adjustments (31,158) (27,753) (262,322) (196,471) Non-GAAP net income from continuing operations attributed to Synopsys $ 529,925 $ 464,138 $ 2,057,801 $ 1,635,951 Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations per diluted share attributed to Synopsys $ 1.79 $ 2.23 $ 9.25 $ 7.91 Adjustments: Amortization of acquired intangible assets 0.35 0.10 0.67 0.33 Stock-based compensation 1.06 0.83 4.21 3.30 Acquisition/divestiture related items 0.40 0.03 1.11 0.09 Restructuring charges — (0.01) — 0.34 Gain on sale of strategic investments — — (0.35) — Tax settlement — — — (0.15) Tax adjustments (0.20) (0.18) (1.69) (1.28) Non-GAAP net income from continuing operations per diluted share attributed to Synopsys $ 3.40 $ 3.00 $ 13.20 $ 10.54 Shares used in computing net income per diluted share amounts: 155,991 154,845 155,944 155,195 (1) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. GAAP to Non-GAAP Tax Rate Reconciliation (1)(2) (unaudited) Twelve Months Ended October 31, 2024 GAAP effective tax rate 6.6 % Stock-based compensation 2.9 % Income tax adjustments (3) 5.5 % Non-GAAP effective tax rate 15.0 % (1) Synopsys' fiscal year 2024 ended on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. (2) Presented on a continuing operations basis. (3) The adjustments are primarily related to the differences in the tax rate effect of certain deductions, such as the deduction for foreign-derived intangible income and credits. GAAP to Non-GAAP Reconciliation of 2025 Targets The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below. GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Three Months Ending January 31, 2025 Low High Target GAAP expenses $ 1,142,000 $ 1,162,000 Adjustments: Amortization of acquired intangible assets (12,000) (15,000) Stock-based compensation (185,000) (192,000) Target non-GAAP expenses $ 945,000 $ 955,000 Range for Three Months Ending January 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 1.81 $ 1.95 Adjustments: Amortization of acquired intangible assets 0.10 0.08 Stock-based compensation 1.22 1.18 Acquisition/divestiture related items (1) 0.08 0.06 Tax adjustments (0.44) (0.45) Target non-GAAP earnings per diluted share attributed to Synopsys $ 2.77 $ 2.82 Shares used in non-GAAP calculation (midpoint of target range) 157,000 157,000 GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP expenses $ 4,926,000 $ 4,983,000 Adjustments: Amortization of acquired intangible assets (46,000) (51,000) Stock-based compensation (835,000) (847,000) Target non-GAAP expenses $ 4,045,000 $ 4,085,000 Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 10.42 $ 10.63 Adjustments: Amortization of acquired intangible assets 0.32 0.29 Stock-based compensation 5.36 5.28 Acquisition/divestiture related items (1) 0.29 0.26 Tax adjustments (1.51) (1.50) Target non-GAAP earnings per diluted share attributed to Synopsys $ 14.88 $ 14.96 Shares used in non-GAAP calculation (midpoint of target range) 158,000 158,000 (1) Adjustments reflect certain contractually obligated financing fees and related amortization ex

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