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Cadence to Pay $140 Million Fine for China Sales Violations

1 min read
Source: Reuters
Cadence to Pay $140 Million Fine for China Sales Violations
Photo: Reuters
TL;DR

Cadence Design Systems agreed to plead guilty and pay over $140 million to resolve U.S. charges of illegally selling chip design tools to a Chinese military university involved in nuclear simulation, highlighting ongoing U.S.-China trade tensions and enforcement of export controls.

Topics:businessworld#cadence#china#export-controls#military-university#settlement#world
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  1. Exclusive: Cadence to plead guilty and pay $140 million to US for China sales  Reuters
  2. Cadence Design Systems Pleads Guilty to Export Violation, Will Pay $140.6 Million in Settlement  The Wall Street Journal
  3. Cadence Design Admits to Illegally Supplying China, Pays Fine  Bloomberg.com
  4. Cadence to plead guilty and pay $140 million to U.S. for China sales  CNBC
  5. Cadence nears deal to pay over $100 million to US for China sales - Reuters  Investing.com

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