Synopsys and Cadence each rose as much as 6% Thursday in New York trading, while Siemens climbed as much as 3%.
President Donald Trump’s administration has lifted recent export licence requirements for chip design software sales in China, as Washington and Beijing implement a trade deal for both countries to ease some restrictions on critical technologies.
The US Commerce Department informed the world’s three leading semiconductor design software providers — Synopsys Inc., Cadence Design Systems Inc. and Germany’s Siemens AG — that requirements to seek government licences for business in China are no longer in place, according to company statements.
