As national and international news crashes over the shore, wave after wave, it’s easy to lose track of any particular item amidst the churning foam. The story discussed here, however, floats more visibly atop the flotsam and jetsam because it’s relevant to the IP and EDA industries.
Several weeks ago, Siemens AG – a German company – was caught-up in a violation of a part of the current EU sanctions against Russia. Siemens’s power turbines, having been sold to Russia – which was not a violation – were then allegedly modified and shipped off to Crimea for installation there – which was a violation.
You remember Crimea. It was part of Ukraine until 2014, and then it was not.
Anyway when the turbine situation was uncovered, the EU was not happy with Siemens; Siemens was not happy with Russia; if Russia or Crimea were unhappy with anyone, they kept it to themselves.
As a result of these revelations, Siemens AG now faces a fine from the EU, and has canceled several high-profile, lucrative business deals with Russian firms. Siemens is mad – slightly less rich, and mad.
Which brings us to Mentor Graphics. Such experts we are, who have had the chance to learn about Export Controls from the likes of Cadence’s Larry Disenhof or SmartFlow’s Ted Miracco, and it’s that knowledge which seems relevant to Mentor.