People familiar with the matter revealed that Cadence Design Systems is about to reach a settlement agreement of more than $140 million with the US government. This draft will solve the problem of selling chip design products to the National University of Defense Technology of the People's Liberation Army (NUDT). The university has attracted close attention from the US government for its involvement in a simulated nuclear explosion.
IHU computers have been guilty of crimes and paid more than US$140 million to resolve charges of illegal export of chip design to China. Investigate the company that sells products to NUDT, which is subject to US export controls for military and nuclear mockups.
Since December 2024, IHC has been discussing with the US government, and the agreement is to resolve export control legal violations related to semiconductor design tools. Not only does it show the adaptive strategies of IHS computers to legal challenges, it also reflects the strict supervision of the U.S. government on technology exports involving national security.
Exclusive: Cadence to plead guilty and pay $140 million to US for China sales Cadence nears deal to pay over $100 million to US for China sales – Reuters Cadence to plead guilty and pay $140 million to US for China sales