May. 28 at 7:33 PM
$CDNS $SNPS $SIEGY
Cadence, Synopsys told by U.S. to stop supplying technology to China, FT reports
The Trump administration's Commerce Department has told U.S. companies that offer software used to design semiconductors - including Cadence (CDNS), Synopsys (SNPS) and Siemens EDA (SIEGY) - to stop selling their Electronic Design Automation services to Chinese groups and to stop supplying their technology to China, reported Financial Times' Demetri Sevastopulo, Zijing Wu and Michael Acton.
The Bureau of Industry and Security, the arm of the U.S. Commerce Department that oversees export controls, issued the directive to the companies via letters, according to several people familiar with the matter.
