CDNS Stock Recent News

Siemens, Synopsys and Cadence said the U.S. has lifted export controls restricting sales and business in China.

The United States government has lifted restrictions on exports of chip design software to China, sending shares of top sector players higher on Thursday morning. The three leading chip design software players - Synopsys Inc (NASDAQ:SNPS, ETR:SYP), Cadence Design Systems Inc (NASDAQ:CDNS) and Siemens - were all notified by the US Commerce Department that the restrictions introduced in May have been rescinded.

The United States has eased restrictions on the export of semiconductor design software to China, a move that provided a notable boost to shares of leading electronic design automation (EDA) firms on Thursday.

Cadence Design Systems said on Thursday the U.S. had lifted export restrictions on chip design software for China and that it was in the process of restoring access to software and technology to affected customers.

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $303.69, denoting a +2.07% move from the preceding trading day.

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $296.80, denoting a +1.1% move from the preceding trading day.

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CDNS and Samsung extend their collaboration to accelerate next-gen chip design with AI-driven IP on advanced nodes.