Synopsys Inc., the largest software supplier for designing semiconductors, has said that it is cooperating with the probe by the Government on whether it has passed critical technology to Chinese firms banned by the U.S.
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Sassine Ghazi, the CEO and President of Synopsis said that the company has robust export control checks and balances to Bloomberg Television on Wednesday during a business visit to India.
Ghazi said they are cooperating with the Government and are confident that the strong infrastructure in place in the organization is entirely in line with U.S. expectations.
As Bloomberg News reported in April, investigators are investigating the allegations that Synopsys provided software and chip designs to the HiSilicon unit of Huawei technology that manufactures at the Semiconductor Manufacturing International Corp.
U.S. software firms are barred from selling certain types of technology to Chinese companies such as SMIC and Huawei as the Commerce Department’s Bureau of Industry and Security has designated them as threats to national security.
In December, Synopsys had disclosed that it had received summon from the BIS regarding certain transactions with Chinese entities without going into details regarding when it received the message. The company at that time had said that it was in compliance with all the government regulations and followed strict Export control guidelines of the country.
The heightened rivalry between the U.S. and China has made it difficult for U.S. companies as their technology has China’s largest and fastest-growing market. The companies need to keep their investors happy and tap business opportunities by violating the increasing restrictions by the U.S. authorities.
Ghazi is in India to meet Government officials and explore how Synopsys can help build a chip industry in India. India is offering an incentive of $10 Billion to semiconductor companies adding to the appeal for global chip companies to set up in the country. India is emerging as the next destination for businesses looking for growth drivers after the uncertainties of Geopolitical risks, extended lockdowns, and other macro-economic issues in China.
