Cadence Design Systems, Synopsys Shares Rise As US Lifts Chip Design Restrictions On China

Shares of chip design firms Cadence Design Systems Inc (NASDAQ:CDNS) and Synopsys Inc (NASDAQ:SNPS) are rising Thursday after the U.S. Department of Commerce rescinded China export restrictions. What Happened: Cadence Design and Synopsys announced in separate statements that the Bureau of Industry…