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Cadence Design Systems has reached a settlement with the U.S. Department of Justice and the Bureau of Industry and… CDNS Cadence Design Systems Inc
Cadence Design Systems has reached a settlement with the U.S. Department of Justice and the Bureau of Industry and Security regarding export law violations involving $45.3 million in unauthorized sales to a customer in China between 2015 and 2021. As part of the agreement, the company will pay $140.6 million in aggregate net penalties and forfeitures during the fiscal quarter ending September 30, 2025.
More from Cadence Design Systems Inc Cadence raises FY26 revenue growth outlook to 21% and board approves $2.5B share repurchase Oct 26, 2026 Cadence Design Systems reported Q2 2026 revenue of $1.584 billion, exceeding guidance and achieving a record backlog… Jul 27, 2026 Cadence Design Systems stockholders approved an amendment to the company's Omnibus Equity Incentive Plan, which… May 12, 2026 Cadence Design Systems, Inc. issued a press release on April 27, 2026, announcing its financial results for the… Apr 27, 2026 Cadence Design Systems, Inc. has consummated the acquisition of the design and engineering business of Hexagon Smart… Feb 23, 2026 All content on this site is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions.
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