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.

PALO ALTO, California -- The world's leading suppliers of chip design tools, including Cadence and Synopsys, are preparing to resume sales to China, after the U.S. government rescinded restrictions on such exports.

(Reuters) -Shares of Synopsys and Cadence Design Systems jumped on Thursday after the United States lifted export restrictions on chip design software to China, easing major uncertainty around access to the crucial market.