Siemens says US has lifted chip software curbs on China, Bloomberg News reports – TradingView

Siemens says US has lifted chip software curbs on China, Bloomberg News reports - TradingView

Germany’s Siemens AG SIE has received a notice from the U.S. government saying that export restrictions on chip design software for China have been lifted, Bloomberg News reported on Wednesday, citing a statement from the company.

Siemens has restored complete access to its software and technology for customers in China, Bloomberg reported.

The German company and the U.S. Department of Commerce did not immediately respond to Reuters’ requests for comment.

In May, the U.S. ordered several companies including Siemens’ EDA unit, Cadence CDNS and Synopsys SNPS to obtain licenses before exporting goods, such as design software and chemicals for semiconductors, to China.

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