California-based electronic design automation firm Cadence will pay more than $140 million in combined civil fines, criminal penalties and forfeitures after the U.S. said it violated export controls against China. The company pleaded guilty to illegally exporting EDA hardware, software and semiconductor design intellectual property technology to Chinese entities, including a university and company on the Entity List.
BIS
The Bureau of Industry and Security (BIS) is an agency within the Commerce Department responsible for overseeing dual-use export controls outlined within the Export Administration Regulations. BIS says its mission is to protect strategic U.S. industries and prevent illegal transfers of sensitive American technology.
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