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Xilinx Technology States US Has Lifted Export Restrictions on China, US Stock Futures Rise Over 5%
Summary: According to reports, Xilinx Technology announced that it has received notification from the US Department of Commerce's Bureau of Industry and Security on July 2, confirming that export restrictions on China have been lifted and are immediately effective. The company stated that it is working to resume sales of previously restricted products in China, while ...
According to reports, Xilinx Technology announced that it has received notification from the US Department of Commerce's Bureau of Industry and Security on July 2, confirming that export restrictions on China have been lifted and are immediately effective. The company stated that it is working to resume sales of previously restricted products in China, while continuing to assess the impact of related export restrictions on its business, operations, and finances. Additionally, Chinese semiconductor companies have confirmed receiving notifications from overseas EDA companies. As a result of this news, Xilinx Technology's US stock futures rose over 5% in after-hours trading.
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Link: Xilinx Technology States US Has Lifted Export Restrictions on China, US Stock Futures Rise Over 5% [Copy]
