Synopsys brand is seen displayed on a smartphone with the flag of China within the background.
Sopa Photographs | Lightrocket | Getty Photographs
The U.S. authorities has rescinded its export restrictions on chip design software program to China, U.S.-based Synopsys introduced Thursday.
“Synopsys is working to revive entry to the not too long ago restricted merchandise in China,” it mentioned in a assertion.
The U.S. had reportedly advised a number of chip design software program firms, together with Synopsys, in Could that they have been required to acquire licenses earlier than exporting items, resembling software program and chemical substances for semiconductors, to China.
The U.S. Commerce Division didn’t instantly reply to a request for remark from CNBC.
The information comes after China signaled final week that they’re making progress on a commerce truce with the U.S. and confirmed conditional agreements to renew some exchanges of uncommon earths and superior know-how.