Cadence Settlement Archives - Corruption, Crime & Compliance

11 Aug, 2025

Episode 381 — Cadence Systems Pays $140 Million to Resolve Trade Violations

Last week, the Justice Department announced that Cadence Design Systems Inc. (Cadence), a global electronic design automation (EDA) technology company based in San Jose, California, agreed to plead guilty to a conspiracy to violate export control laws by selling EDA hardware, software, and semiconductor design intellectual property (IP) technology to the National University of Defense Technology (NUDT). NUDT, which is a university in the People’s...

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5 Aug, 2025

Cadence Design Systems Settles with DOJ and Commerce Department for Export Control Violations and Agrees to Pay $140 Million (Part I of III)

DOJ’s initiation of its aggressive trade enforcement strategy is quickly unfolding — and the new strategy is a real and significant threat to all companies engaged in international trade. We are no longer in the era of FCPA enforcement; we are entering the new world of aggressive trade enforcement which is pinned to national security issues. Few companies have recognized this fundamental shift in DOJ’s...