U.S. lifts chip software curbs on China amid trade truce, Synopsys says

Core Point - The U.S. government has lifted export restrictions on chip design software to China, allowing companies like Synopsys to restore access to previously restricted products [1]. Group 1: Export Restrictions - In May, the U.S. mandated that chip design software companies, including Synopsys, needed licenses to export goods such as software and chemicals for semiconductors to China [2]. - Synopsys has announced its intention to work on restoring access to the restricted products in China following the lifted restrictions [1]. Group 2: Trade Relations - The announcement of lifted restrictions coincides with China's indication of progress towards a trade truce with the U.S., including conditional agreements to resume exchanges of rare earths and advanced technology [3].