By Arsheeya Bajwa and Medha Singh (Reuters) -Shares of Synopsys and Cadence Design Systems jumped on Thursday after the U.S. lifted export curbs on chip design software to China, easing uncertainty around access to the crucial market.

KEY TAKEAWAYS President Donald Trump’s administration has lifted export license requirements it imposed recently for chip design software sales in China as Washington and Beijing move forward with a framework for a trade deal.

The White House cracked down on sales to China as part of measures responding to Beijing’s limits on shipments of essential rare earths.