Synopsys Inc., a top maker of chip-design software, suspended its financial guidance for the current quarter and fiscal year after receiving word from the US government about new restrictions on exports to China.

Synopsys suspended its annual and quarterly forecasts just a day after issuing them, as new U.S. export restrictions on China cast uncertainty over its ability to sell chip design software in the key market.

Just one day after Synopsys (SNPS) released its second quarter financial results and guidance, the company has suspended its guidance for the quarter in progress and full-year fiscal 2025 due to new export controls related to China.