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- Chip design software firms rise as US lifts curbs on China exports</p>
<p>July 3, 2025 at 2:46 AM</p>
<p>(Reuters) -Shares of Synopsys and Cadence Design Systems surged in premarket trade on Thursday after the United States lifted export restrictions on chip design software to China, signaling a thaw in trade tensions between the world's top two economies.</p>
<p>The two companies, along with Germany's Siemens, said they were resuming access to their electronic design automation (EDA) tools for Chinese customers.</p>
<p>Synopsys and Cadence rose 5.9% and 5.4% respectively in the U.S, and Siemens gained 1.3% in Frankfurt trading.</p>
<p>Together, the three firms control more than 70% of China's EDA market, according to an April report from state-run Xinhua News Agency.</p>
<p>EDA software is critical for designing semiconductors used in smartphones, cars and computing devices.</p>
<p>The U.S. Commerce Department also moved to withdraw a licensing requirement on ethane exports to China imposed earlier this year.</p>
<p>Both measures were part of a series of tit-for-tat trade restrictions initiated under President Donald Trump's administration following China's suspension of rare earth exports in April.</p>
<p>(Reporting by Medha Singh in Bengaluru; Editing by Nivedita Bhattacharjee)</p>
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