Cadence nears deal to pay over $100 million to US for China sales, sources say

Kadans accused of selling chip design tools to the Chinese military university

Settlement discussions between Cadence and the USA started in December

The decision is approaching as the US and China participate in new trade talks

28 July – According to two familiar people, Cadence design is expected to pay over $ 100 million as part of an agreement to solve an investigation into a Chinese military university, which is believed to be involved in the simulation of nuclear explosions of chip design products. Sources, Cadence’s Chinese National Defense Technology representing the pre -companies in an illegal way to sell chip design technology, he said. According to the US Trade Department, NUDT’s super computers are thought to support nuclear explosive simulation and military simulation activities. San Jose, California -based Cadence, said that he started to discuss settlement on sales with the United States in December with the US in December this year. The Ministry of Justice immediately rejected the comment. The Trade Department did not respond immediately to the request for comment. The potential agreement that emerged because the US and China meet for new trade talks shows that the US is willing to push US export controls, although the US loosen some restrictions as part of negotiations. Sources, the agreement was not completed, he said. According to the department announcements, NUDT was put on the limited trade list of the commercial department to prevent us from using US technology in 2015. In 2019 and 2022, including Hunan Guofang Keji University, Central South Center and CSCC, other fidelity names and places were added to the list of the university. According to a company’s file, the US investigation into Cadence, which started more than four years ago, contains “historical sales to customers in China”. In February 2021, Cadence received a court subpoena from the US trade department and demanded records for certain customers in China. The relevant November 2023 Celbi was followed by the Ministry of Justice about the company’s business activities in China. Cadence, according to a source familiar with the Probc, CSCC or Central South Cad Center pseudonym name of 2015 and 2020 about 50 times sold to Nudt. Another source said that chip developer Tianjin Phytium Information Technology is watching Nudt, and that it depends on the sales of Kadans for the university. Phytium was added to the limited trade list in 2021. He did not respond immediately to a comment request. One of the sources said it was terminated through a Chinese Cadence -subsidiary sales. Assets are placed in the limited trade list known as the institutional list for activities that are accepted as contrary to the US national security or foreign policy interests. US companies are not allowed to send goods and technology without a license from the rejected trade department. Cadence will make a call on the second quarter financial results on Monday at 14:00 at the Pacific time. Cadence, which includes its customers such as large semiconductor manufacturers and companies such as NVIDIA and Qualcomm, is known for its electronic computer -aided design software.

Electronic design automation tools are the key to designing chips and verifying that they are error -free. NUDT has developed chips for Power University Super Computers, including the Tianhe-2, which was once the best super computer in the world, when the US believed it was used in research or development of nuclear explosive devices.

Twelve percent of Cadence income came from China, which decreased from 17% in 2023 between regulatory developments and geopolitical tensions.

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