Cadence Design Systems Agrees to $140 Million Settlement for Illegal Exports to China
TL;DR
Cadence Design Systems agreed to plead guilty and pay over $140 million in penalties for illegally exporting semiconductor design tools to a restricted Chinese military university, NUDT, violating U.S. export laws and involving conspiracy and concealment efforts. The case highlights ongoing concerns over technology transfer to military entities in China and the enforcement of export controls.
Topics:businessworld#cadence-design-systems#criminal-penalties#export-control-violations#prc-military-university#semiconductor-technology#world
- Cadence Design Systems Agrees to Plead Guilty and Pay Over $140 Million for Unlawfully Exporting Semiconductor Design Tools to a Restricted PRC Military University Department of Justice (.gov)
- Cadence Design Systems Pleads Guilty to Export Violation, Will Pay $140.6 Million in Settlement The Wall Street Journal
- Cadence Design Admits to Illegally Supplying China, Pays Fine Bloomberg.com
- Exclusive: Cadence to plead guilty and pay $140 million to US for China sales Reuters
- US tech firm pleads guilty to selling semiconductor design tools to China school MLex
Want the full story? Read the original reporting
Read on Department of Justice (.gov)