Synopsys brand is seen displayed on a smartphone with the flag of China within the background.
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The U.S. authorities has rescinded its export restrictions on chip design software program to China, U.S.-based Synopsys introduced Thursday.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 lately restricted merchandise in China,” it mentioned in a statement.
The U.S. had reportedly advised a number of chip design software program corporations, together with Synopsys, in Might that they have been required to acquire licenses earlier than exporting items, reminiscent of software program and chemical compounds 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 last week that they are 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.