U.S. chip design software developers said they have received notices lifting restrictions on exports to China, in a signal that the two largest economies had settled a dispute over rare earths that had undermined a trade deal reached in May.

Siemens has received notification from the US government allowing it to resume sales of chip design software to China, the German technology company said, as a trade deal between Washington and Beijing takes effect.

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of chip design tools, including Cadence and Synopsys, are preparing to resume sales to China, after the U.S. government rescinded restrictions on such exports.