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

Cadence Design Systems has agreed to plead guilty and pay over $140 million for unlawfully exporting semiconductor design tools to a PRC military university under the Central Military Commission. The university was added to the U.S. Department of Commerce's Entity List in 2015 due to its involvement in producing supercomputers for nuclear explosive simulation and military activities in China.