Cadence Design agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions,

(Reuters) -Cadence Design is expected to pay over $100 million to the U.S. government as part of a deal to resolve an investigation into sales of its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions,

Cadence Design Systems Inc. pleaded guilty to charges accusing the company of violating US export controls by selling hardware and software to China’s National University of Defense Technology.