Citi’s 2026 semiconductor outlook sees AI-driven growth continuing, with Microchip Technology named the firm’s top pick

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Citi initiated Cadence and Synopsys with Buy ratings, assigning price targets of $385 and $580, respectively

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In a notable shift tied to U.S.-China trade negotiations, the U.S. government has lifted export restrictions imposed in May on chip design software sales to China.

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Synopsys Orders China Sales Shutdown Amid Tightening U.S. Chip Curbs

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U.S. Blocks EDA Sales to China, Slamming Cadence and Synopsys Shares: Financial Times

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