Cadence Design Systems Agrees to Plead Guilty and Pay Over $140 Million for Unlawfully Exporting Semiconductor Design Tools to a Restricted PRC Military University

The Counterintelligence and Export Control Section (CES) of the Justice Department’s National Security Division (NSD), and the U.S. Attorney’s Office for the Northern District of California (NDCA) today announced that Cadence Design Systems Inc. (Cadence), a multinational electronic design automation (EDA) technology company headquartered in San Jose, California, has agreed to plead guilty to resolve charges that Cadence committed criminal violations of export controls by selling EDA hardware, software, and semiconductor design intellectual property (IP) technology to the National University of Defense Technology (NUDT).

From the U.S. Department of Justice: Read More