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☆ Potential EU tariffs on Chinese EVs won't have much impact: Strategist
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPotential EU tariffs on Chinese EVs won't have much impact, strategist saysAnthony Sassine, senior investment strategist at KraneShares, says Chinese manufacturers "are so efficient, are so ahead of the curve, that tariffs like this I don't think will impact too much the pricing here."

Persons: Anthony Sassine

☆ EU is expected to unveil tariff plans for Chinese EVs this week
▼ + stars: | 2024-06-11 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

TOPSHOT - People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via Getty Images)The European Union is expected to reveal its tariff rate plan for Chinese electric vehicles this week, as the bloc cracks down on low-priced, subsidized imports. The EU has a standard 10% duty on imported EVs, but is set to provisionally raise those fees for Chinese EVs starting July 4. Citi analysts on Monday said the tariff rate could be "hiked to ~25-30% from 10% currently, while our risk scenario (40% probability) envisages a hike in the tariff rate to 30-50%." Ursula von der Leyen, president of the European Commission, saw her party – the European People's Party – gaining seats on Sunday.

Persons: Lillian SUWANRUMPHA, LILLIAN SUWANRUMPHA, Anthony Sassine, Ursula von der Leyen, Von der Leyen Organizations: BYD Auto, Getty, EU, EVs, Citi, European Commission, European People's Party Locations: Bangkok, Nonthaburi, AFP, Beijing

☆ Synopsys CEO on Q2 earnings beat
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSynopsys CEO on Q2 earnings beatSynopsys CEO Sassine Ghazi joins 'Money Movers' to discuss the company's earnings, Nvidia, demand for AI, and more.

Persons: Sassine Ghazi Organizations: Nvidia

☆ China's BYD has 'superior manufacturing and vertical integration,' strategist says
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's BYD has 'superior manufacturing and vertical integration,' strategist saysAnthony Sassine, director and senior investment strategist at KraneShares, discusses the Chinese electric vehicle maker's earnings.

Persons: Anthony Sassine

☆ Synopsys CEO on earnings, AI growth and chip-maker demand
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSynopsys CEO on earnings, AI growth and chip-maker demandSassine Ghazi, Synopsys CEO, joins 'Money Movers' to discuss the comapny's opportunity in the artificial intelligence space, the efforts of the largest tech companies developing their own chips, and much more.

Persons: Sassine Ghazi

☆ Synopsys CEO talks $35 billion Ansys deal
▼ + stars: | 2024-01-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSynopsys CEO talks $35 billion Ansys dealSassine Ghazi, Synopsys CEO, joins 'Closing Bell Overtime' to talk its acquisition of Ansys for $35 billion and its regulatory timeline.

Persons: Sassine Ghazi

☆ Synopsys to acquire graphics software maker Ansys in $35 billion tech deal
▼ + stars: | 2024-01-16 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Semiconductor design and software firm Synopsys on Tuesday announced it would acquire Ansys , an engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion. Synopsys will pay consideration of roughly $390 per share: $197 per share in cash and roughly one-third of a Synopsys share for each Ansys share. Synopsys shares were up 3% on Tuesday morning, after a 12% slump since The Wall Street Journal reported in December that the two companies were in advanced talks. Ansys shares slipped 5% but were up more than 14% in that same period since December. The remaining $3 billion nonequity consideration will come from Synopsys' cash.

Persons: Synopsys, Ansys, Sassine Ghazi, Shelagh Glaser, Ghazi, Ajei Gopal, Evercore, Cleary Gottlieb Steen, Hamilton, Goodwin Procter, Raimondo, Chips Organizations: Street, Activision Blizzard, VMware, Cisco, Splunk, Qatalyst Partners Locations: China

Nov 29 (Reuters) - Synopsys (SNPS.O) on Wednesday forecast first-quarter revenue above Wall Street expectations, as artificial intelligence (AI) adoption boosted demand for the company's chip designing software. Synopsys forecast current-quarter revenue between $1.63 billion and $1.66 billion, above analysts' average estimate of $1.60 billion. The rise in custom chip design efforts by firms like Microsoft (MSFT.O) and Alphabet (GOOGL.O) has also boosted demand. "You need a very specific silicon in order to power that (AI) training," Sassine Ghazi, the company's president and chief operating officer, said of the boom in AI chips in an interview. Ghazi told Reuters that increased use of Synopsys AI services helped boost the value of some of its contracts by 20% at renewal time.

Persons: Sassine Ghazi, Ghazi, Aart de Geus, Synopsys, Harshita Mary Varghese, Shailesh Kuber, Deepa Babington Organizations: Design, Microsoft, Intel, Mercedes, Benz, Reuters, Revenue, Thomson Locations: Sunnyvale , California

☆ India, Indonesia and Nigeria are 'long-term' EV plays: Portfolio manager
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia, Indonesia and Nigeria are 'long-term' EV plays: Portfolio managerAnthony Sassine of KraneShares discusses India's proposed tax cuts on electric vehicles and growth potential in the EV manufacturing.

Persons: Anthony Sassine, KraneShares, India's Locations: India, Indonesia, Nigeria

☆ Synopsys names insider Ghazi as CEO
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: 1 min

A man walks through the Synopsys booth during the Black Hat information security conference in Las Vegas, Nevada, U.S. on July 26, 2017. REUTERS/Steve Marcus/File photo Acquire Licensing RightsAug 16 (Reuters) - Synopsys (SNPS.O) said on Wednesday Sassine Ghazi will join as president and chief executive from Jan. 1 next year, taking over from CEO Aart de Geus who will move to the role of executive chair of board of directors. Reporting by Jaspreet Singh in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Steve Marcus, Sassine Ghazi, Aart de Geus, Jaspreet Singh Organizations: REUTERS, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru

☆ Stocks making the biggest moves after hours: Cisco Systems, Synopsys, Wolfspeed and more
▼ + stars: | 2023-08-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Cisco Systems — Shares of the computer networking giant gained about 2.5% after posting fiscal fourth-quarter earnings that beat Wall Street's expectations. The company posted adjusted earnings of $1.14 per share, while analysts had forecast $1.06 per share, according to Refinitiv. Synopsys — The stock advanced 2.3% after the electronic design automation company beat fiscal third-quarter earnings expectations. Synopsys reported adjusted earnings of $2.88 per share, which was 14 cents per share higher than analysts' expectations, according to Refinitiv. Wolfspeed reported $236 million in revenue, however, surpassing analysts' expectations of $223 million, according to Refinitiv.

Persons: Synopsys, Sassine Ghazi, Amcor, VinFast Organizations: Cisco Systems —, Revenue, Wednesday, FactSet, Hawaiian Electric Industries, Electric, Street Locations: Refinitiv, California

☆ SK Hynix will benefit from growing demand for A.I.-related semiconductors, strategist says
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Hynix will benefit from growing demand for A.I.-related semiconductors, strategist saysAnthony Sassine of KraneShares discusses South Korean memory chipmaker SK Hynix's financial results and the outlook for the company.

Persons: Anthony Sassine, KraneShares Organizations: SK Hynix, A.I, SK Hynix's

☆ SK Hynix posts narrower second-quarter loss amid robust AI demand, sees chip recovery
▼ + stars: | 2023-07-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

SK Hynix reported its earnings for the second quarter of 2023 on Wednesday. South Korean chipmaker SK Hynix posted a second-quarter operating loss of 2.88 trillion Korean won ($2.24 billion) on Wednesday as demand for memory chips remained sluggish. SK Hynix said the weak memory chip market is on the road to recovery amid robust artificial intelligence demand, which resulted in a smaller second-quarter operating loss. The quarterly losses were narrower than the 3.4 trillion Korean won in the previous quarter which ended in March, and compared to a 4.2 trillion won profit from a year ago. That's compared with expectations for a 2.7 trillion won operating loss, according to Refinitiv estimates, weighted toward analysts that are more consistently accurate.

Persons: SK Hynix, Anthony Sassine, that's Organizations: SK Hynix, ., Korean chipmaker SK Hynix, SK, KraneShares, CNBC Locations: Korean

☆ Elon Musk’s visit underscores China's importance to global EV market, analysts say
▼ + stars: | 2023-05-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Xiaolu Chu | Getty Images News | Getty ImagesFrom handshakes with Chinese officials to visits to China's top ministries, Elon Musk's visit to Beijing is putting the spotlight on China's place in the global electric vehicle market. The Tesla CEO's visit to China is a "very important one" for him, said Anthony Sassine, senior investment strategist at investment manager Kraneshares. Price warsTesla slashed prices for its EV sales in China last October and January, but subsequently raised prices again in May. "It signals how important the China market is to defend and how important it is to your global system, you need the scale of China working for you," he said on CNBC's "Squawk Box Asia." He noted that China the most competitive market for EVs, with Tesla competing with multiple local companies for supremacy.

Persons: Xiaolu Chu, Elon Musk's, Tesla, Anthony Sassine, Sassine, CNBC's, Musk, Jamie Dimon, Bill Russo, Russo Organizations: Getty, Kraneshares, Communist Party, Musk, JPMorgan, U.S, EVs Locations: Shanghai, China, Beijing, U.S

☆ Elon Musk's visit to China shows how important the market is for Tesla, strategist says
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's visit to China shows how important the market is for Tesla, strategist saysAnthony Sassine of KraneShares says Tesla CEO Elon Musk wanted to "set the story straight" and make sure it's "on the same page" as the Chinese Communist Party.

Persons: Tesla, Anthony Sassine, KraneShares, Elon Musk Organizations: Elon, Chinese Communist Party Locations: China

☆ Synopsys spreads AI throughout its chip design tools
▼ + stars: | 2023-03-29 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Synopsys first released an AI tool for one part of the chip design process three years ago, and with customers like Samsung Electronics Co Ltd (005930.KS) and ST Microelectronics (STM.DE) using the system. The tools Synopsys released Wednesday at its annual user conference in Santa Clara, California, spread much further across the chip design process. Synopsys is in a race with Cadence Design Systems (CDNS.O), its largest competitor, to add AI to chip design software. While some of the Synopsys tools released Wednesday are catching up to Cadence, Karl Freund, principal analyst with Cambrian AI research, said Synopsys is ahead, with more than 100 chips by customers using its AI tools coming to market. "I think they'll probably be at 1,000 (completed chip designs) by the end of the year."

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