New Cisco Technology reports that the US has lifted export restrictions against China, causing US stocks to rise over 5% in overnight trading

Xinsi Technology announced that it received a notification from the Bureau of Industry and Security of the US Department of Commerce on July 2nd, confirming that the export restrictions against China have been lifted and will take immediate effect. The company stated that it is working hard to resume the sale of products that were previously restricted in China, and will continue to evaluate the impact of relevant export restrictions on its business, operations, and finances. In addition, Chinese semiconductor companies have confirmed that they have received relevant notifications from overseas EDA companies. Affected by this news, Xinsi Technology's US stock market rose more than 5% in night trading.