Investing.com-- Asian semiconductor stocks rose on Thursday as the U.S. lifted restrictions on chip design software exports to China as part of a recent trade deal between Washington and Beijing.

Two of the world’s largest chip design technology manufacturers, Synopsys (NASDAQ: SNPS ) and Cadence Design Systems (NASDAQ: CDNS ), said the U.S. Commerce Department has lifted its China export restrictions.

They will resume supplying electronic design automation (EDA) tools to Chinese firms, the firms added.

In South Korea, Samsung Electronics (KS: 005930 ) stock jumped nearly 3%, while SK Hynix Inc (KS: 000660 ) shares gained 0.8%, amid optimism the move would stabilize access to essential chip design tools.

Japan’s Renesas Electronics (TYO: 6723 ) shares surged nearly 5%, while Tokyo Electron Ltd. (TYO: 8035 ) climbed 1.8%.

China’s Semiconductor Manufacturing International Corp (HK: 0981 ) was trading marginally lower in Hong Kong trading despite a sharp drop in the broader benchmark index. Hua Hong Semiconductor Ltd (HK: 1347 ) gained 0.3%.

Shenzhen-listed equipment maker NAURA Technology (SZ: 002371 ) rose 1%.

The U.S. announcement, viewed as a step toward easing broader tech tensions, came after the world’s two largest economies signed a trade agreement last week.

Beijing had earlier said that U.S. export controls on chip technology were a major point of contention for the country.