Cadence Design Systems Inc. will plead guilty to criminal export control violations for providing EDA technology to the China's National University of Defense Technology. The university has been on the U.S. Entity List since 2015 due to its role in military-related supercomputer projects. Cadence faces nearly $118 million in criminal penalties alongside over $95 million in civil penalties. The case stresses the importance for U.S. firms to comply with export controls to protect national security interests.
Cadence Design Systems Inc. has agreed to plead guilty to charges of criminal export control violations, selling advanced technology to China's National University of Defense Technology.
The university, under the Central Military Commission of China, was flagged on the U.S. Entity List for its involvement in producing supercomputers supporting nuclear activities.
Cadence faces nearly $118 million in criminal penalties and over $95 million in civil penalties, highlighting the importance of compliance with U.S. export control laws.
The FBI emphasized that U.S. companies must seriously monitor where their advanced technologies are going, underscoring the essential role of safeguarding technological advancements for national security.
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