BIS requires Cadence license for EDA software exports to China or Chinese military end users

CADENCE DESIGN SYSTEMS INC

BIS informed Cadence on May 23, 2025 that license now required for ECCNs 3D991/3E991 exports when party is in China or Chinese military end user.
BIS determined these shipments pose unacceptable risk of diversion to military end use in China.
Cadence is engaging with BIS for clarification and assessing impact on business and financial results.
No specific financial impact quantified; company states robust design activity continues globally.
Forward-looking statements highlight risks including license delays, further trade restrictions, and customer impacts.

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