In a significant development for U.S.-China trade agreement, the U.S. has lifted some export controls on chip design software sales in China, previously imposed in May, that required licenses for certain tools and chemicals.

The administration of US President Donald Trump has lifted restrictions on exports of chip design software to China, as Washington and Beijing work to dial down hostilities as part of a recent trade agreement.

The United States lifted export restrictions on exports of chip design software to China, a trio of chip design software companies said.