Brief: SMIT Resolved To Formulate A Plan To Scale Down And Cease Research And Development Of Electronic Design Automation Products When Appropriate

Smit Holdings

08/03/2022 13:58

March 8 (Reuters) - SMIT:
    * CO RESOLVED TO FORMULATE A PLAN TO SCALE DOWN AND CEASE
RESEARCH
AND DEVELOPMENT OF ELECTRONIC DESIGN AUTOMATION PRODUCTS WHEN
APPROPRIATE
    * BOARD REMAINS OPTIMISTIC ON LONG TERM PROSPECT OF EDA
INDUSTRY
AS A WHOLE
    * COMPANY WILL CONTINUE TO PARTICIPATE IN EDA INDUSTRY
THROUGH
EXISTING EQUITY INVESTMENTS

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 ((Reuters.Briefs@thomsonreuters.com;))