Cadence Design – Charm

Trump demands ‘highly conflicted’ Intel CEO resign over China ties

Cs news10 months ago011 mins

By Aditya Soni (Reuters) -U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him “highly conflicted” due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon. Reuters reported exclusively in April that Tan invested at least $200…

Cadence to plead guilty and pay $140 million to US for China sales

Cs news10 months ago04 mins

By Karen Freifeld (Reuters) -Cadence Design agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions, the Justice Department said on Monday. Cadence was accused of violating export controls by illegally selling…