DOJ says Cadence pleads guilty to resolve charges of unlawful export to China
28/07/2025 21:03
July 28 (Reuters) - Cadence Design CDNS.O has agreed to plead guilty to resolve charges that the company unlawfully exported semiconductor design tools to a Chinese military university, the Department of Justice said on Monday. Cadence will pay about $140 million in criminal and civil penalties and forfeiture, the DoJ said in a statement. (Reporting by Bhargav Acharya in Toronto; Editing by Caitlin Webber) ((Bhargav.Acharya@thomsonreuters.com;))
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