Cadence Design Systems to Pay $140 Million for Illegal Export of Semiconductor Tools to Chinese Military University

Summary

Cadence Design Systems Inc. has agreed to plead guilty and pay over $140 million for unlawfully exporting semiconductor design tools to a restricted Chinese military university, violating U.S. export controls. The case was announced by the Justice Department's Counterintelligence and Export Control Section and the U.S. Attorney’s Office for the Northern District of California.