Core Viewpoint - The company is navigating challenges posed by chip export restrictions and is optimistic about its long-term performance despite headwinds in China [2][3]. Business Performance - The company experienced a decline in the recent quarter due to chip export restrictions, but it has a strong market position and is used to such challenges [2][3]. - The company is focused on derisking its operations in China while continuing to grow in other markets, indicating confidence in its overall business resilience [3][12]. Business Segments - The company has three main business segments: - Design automation software, which constitutes approximately 50% of its business [5]. - Physical AI solutions, accounting for about 30% of the business [5]. - Intellectual property (IP) essential for chip design, making up 20% of the business [5][6]. Market Opportunities - The company sees significant opportunities in the AI and semiconductor sectors, particularly as demand for AI infrastructure grows [12][13]. - The company is positioned to benefit from the increasing need for optimized silicon in AI applications, which is expected to drive future growth [13][14]. US Market Focus - The company has a substantial presence in the US, with over 50% of its revenue coming from US-based customers, emphasizing the importance of close relationships for innovation [15]. - The company is participating in initiatives to enhance AI education in the US, aligning with government efforts to promote technology development domestically [16].