Cadence recently announced that on May 23, it was notified by the US Department of Commerce's Bureau of Industry and Security that when the trading party is located in China, exports, re-exports or domestically transfers electronic design automation software and technology with export control classification codes 3D991 and 3E991 in the “Commercial Control List”, prior approval is required. In response to the regulations, Cadence said that strong customer design activity continues to drive strong global business momentum. The new requirements are complex, and the company is communicating with BIS to obtain further clarification and assess their impact on business and financial results.

Cadence recently announced that on May 23, it was notified by the US Department of Commerce's Bureau of Industry and Security that when the trading party is located in China, exports, re-exports or domestically transfers electronic design automation software and technology with export control classification codes 3D991 and 3E991 in the “Commercial Control List”, prior approval is required. In response to the regulations, Cadence said that strong customer design activity continues to drive strong global business momentum. The new requirements are complex, and the company is communicating with BIS to obtain further clarification and assess their impact on business and financial results.