09:07 AM EDT, 07/29/2025 (MT Newswires) -- Cadence Design Systems ( CDNS ) shares were up more than 7% in recent Tuesday premarket activity following a Monday filing with the US Securities and Exchange Commission showing that the company agreed to pay $140.6 million in penalties and forfeitures to settle US government investigations into unauthorized exports to China.

The company said it reached separate settlements with the Department of Justice and the Bureau of Industry and Security over unlicensed sales and technology transfers from a subsidiary to Chinese entities between 2015 and 2021.

The agreement includes a guilty plea to one count of conspiracy to violate export controls, as well as a three-year probation period that will include compliance measures and audits, the company said.

Cadence said it has also signed an administrative agreement with the BIS that requires internal audits and continued export eligibility.