Skip to playerSkip to main contentSkip to footer
  • today
The U.S. government has lifted export restrictions on chip-design software to China, according to announcements from three major industry firms. Siemens, Synopsys, and Cadence stated that they had been notified by the U.S. Department of Commerce that export controls on chip-design software had been lifted, CNBC reported. Siemens restored full access and resumed sales to Chinese clients, while Synopsys and Cadence said they were working to do the same. The three companies dominate the global electronic design automation market, a crucial component in chip manufacturing. Shares of Synopsys and Cadence surged over 6% and 7% in overnight trading on Robinhood. Chinese customers accounted for about 10% of Synopsys’ $1.6 billion in quarterly revenue.

Category

🗞
News
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. government has lifted export restrictions on chip design software to China,
00:06according to announcements from three major industry firms.
00:09Siemens, Synopsys, and Cadence said they were notified with the U.S. Department of Commerce
00:12that export controls on chip design software have been lifted, CNBC reported.
00:17Siemens restored full access and resumed sales to Chinese clients,
00:20while Synopsys and Cadence said they were working to do the same.
00:23The three companies dominate the global electronic design automation market,
00:26which is essential to chip manufacturing.
00:29Shares of Synopsys and Cadence surged over 6% and 7% in overnight trading on Ramadan.
00:34Chinese customers accounted for about 10%,
00:36as Synopsys is $1.6 million in quarterly revenue.
00:40For all things money, visit Benzinga.com.

Recommended