Germany's Siemens has received a notice from the U.S. government saying restrictions on the export of chip design software to China have been lifted, Bloomberg News reported citing a statement from the tech company.

The U.S. government has lifted export restrictions on chip design software for Germany's Siemens AG, restoring access for customers in China. Previously, companies like Siemens needed licenses to export goods such as design software to China.

The two companies, along with Germany's Siemens, said they were resuming access to their electronic design automation (EDA) tools for Chinese customers. Synopsys and Cadence rose 5.9% and 5.4% respectively in the U.