Cadence to Pay $140 Million Fine for China Sales Violations
TL;DR Summary
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.
- Exclusive: Cadence to plead guilty and pay $140 million to US for China sales Reuters
- 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
- Cadence to plead guilty and pay $140 million to U.S. for China sales CNBC
- Cadence nears deal to pay over $100 million to US for China sales - Reuters Investing.com
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
4 min
vs 4 min read
Condensed
94%
741 → 41 words
Want the full story? Read the original article
Read on Reuters