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Cadence Design Systems (symbol: CDNS) is a leading provider of electronic design automation (EDA) software, semiconductor intellectual property (IP), and system design and analysis products. The company empowers engineers with cutting-edge tools for the design and verification of giga-scale, giga-hertz system-on-chips (SoCs) at the latest semiconductor processing nodes.
Cadence’s core offerings include custom/analog tools that aid in designing transistors, standard cells, and IP blocks essential for SoCs. Their digital tools automate the intricate design processes, ensuring high efficiency and accuracy. Additionally, Cadence provides comprehensive IC packaging and printed circuit board (PCB) tools that facilitate the design of complete boards and subsystems.
Expanding its portfolio, Cadence offers design IP and verification IP for a range of components, including memories, interface protocols, analog/mixed-signal parts, and specialized processors. The company also presents integrated hardware/software co-development platforms that support system-level design, making it a one-stop solution for various design needs.
Cadence's technology significantly contributes to building innovative products that connect the world. The convergence of semiconductor companies and system companies moving towards mutual integration is expanding Cadence’s customer base. This shift, along with the ongoing digitalization across industries, places Cadence in a strategic position to benefit from the growing demand for advanced EDA solutions.
Recent achievements and projects highlight Cadence’s commitment to innovation and excellence. Their end-to-end solutions cater to a broad range of industries, ensuring robust performance and high-quality designs. With a focus on sustainability and cutting-edge technology, Cadence continues to lead the market, fostering advancements in electronics design and automation.
For the latest updates and news on Cadence Design Systems, investors and interested parties can visit our StockTitan page dedicated to CDNS, which provides comprehensive and up-to-date information on their stock performance, events, and significant developments.
Cadence Design Systems highlighted its commitment to disability inclusion through its Abilities Inclusion Group initiatives. The company celebrated International Day of Persons with Disabilities with guest speaker Melissa Stockwell, a four-time Paralympian. The Abilities Inclusion Group, in partnership with the Cadence Giving Foundation, collaborated with Special Olympics Northern California to support athletic training for individuals with disabilities.
Christina Jamerson, Abilities Inclusion Group Lead and Demand Gen Director, participated in a panel discussion about workplace inclusion and outlined plans for 2025. The company organized resource fairs to promote employee resource groups (ERGs) and foster community engagement.
Cadence Design Systems (CDNS) has announced the appointment of Moshe Gavrielov to its board of directors, effective January 1, 2025. Gavrielov brings significant industry experience, currently serving on the boards of NXP Semiconductors and TSMC, and chairing Foretellix and SiMa.ai. He previously served as president and CEO of Xilinx from 2008 to 2018, where he led the company's transformation from an FPGA supplier to an 'All Programmable' solutions provider. Notably, Gavrielov has prior experience with Cadence, having served as executive vice president and general manager of its verification division from 2005 to 2007. The appointment aims to leverage his deep industry knowledge and ecosystem relationships to accelerate growth and enhance shareholder value in the AI era.
Cadence Design Systems (CDNS) announced a collaboration with Rapidus to develop co-optimized AI-driven reference design flows and IP portfolio supporting Rapidus' 2nm gate-all-around (GAA) process with backside power delivery network (BSPDN) technology. The partnership aims to address increasing design challenges in the semiconductor industry, focusing on power, performance, and area requirements.
The collaboration includes numerous Cadence solutions, such as Cerebrus Intelligent Chip Explorer, JedAI Solution, and various other digital and analog/mixed signal tools. Customers will have access to Cadence's interface and memory IP components, including HBM4, 224G SerDes, and PCIe 7.0.
AST SpaceMobile and Cadence Design Systems announced their collaboration to develop the AST5000 ASIC, a custom chip designed for space-based cellular broadband network accessible by everyday smartphones. The chip enables up to a tenfold improvement in satellite processing bandwidth and is a key component of AST SpaceMobile's BlueBird program. Using Cadence's tools, IP, and Palladium Emulation Platform, the AST5000 ASIC is designed to support up to 10,000 MHz of processing bandwidth per satellite with data speeds up to 120 Mbps, enabling voice calls, data, and video applications through space-based cellular broadband.
Cadence Design Systems (Nasdaq: CDNS) has announced that President and CEO Anirudh Devgan will participate in a fireside chat at the Nasdaq 51st Investor Conference, hosted in collaboration with Morgan Stanley. The event is scheduled for December 10, 2024, at 9:00 a.m. GMT.
The presentation will be accessible via live webcast on the company's website at cadence.com/cadence/investor_relations and will remain available for replay for 180 days following the event.
Cadence Design Systems is transforming hearing aid technology through advanced DSP solutions. The company's Tensilica HiFi and Fusion F1 DSP family offers low-power, high-performance solutions for modern hearing aids, addressing key challenges in the industry. With over 5% of the global population requiring hearing rehabilitation, Cadence's technology focuses on improving signal processing, noise reduction, and incorporating AI capabilities. The company has collaborated with GlobalFoundries, Hoerzentrum Oldenburg, and Leibniz University Hannover to develop SmartHeAP, the industry's first binaural hearing aid system-on-chip prototype.
Cadence Design Systems (CDNS) has been ranked #9 on Fortune Magazine and Great Place To Work's World's Best Workplaces 2024 list. This marks the ninth time Cadence has appeared among the 25 global leaders selected from thousands of organizations, representing 20 million employees worldwide.
The company stood out for creating exceptional employee experiences and fair workplaces, with 93% of employees expressing pride in working at Cadence and 90% feeling they make a difference. Employees work on transformative technologies including AI, 5G, autonomous driving, and life sciences.
In 2024, Cadence also received Best Workplace recognitions in multiple countries including Brazil, Canada, China, France, Germany, India, and others, while ranking #9 on Fortune's 100 Best Companies to Work For in the United States.
Cadence Design Systems (CDNS) has been ranked #9 on Fortune Magazine and Great Place To Work's World's Best Workplaces™ 2024 list. This marks the ninth time Cadence has appeared on this prestigious list, which recognizes only 25 global leaders from thousands of organizations representing 20 million employees worldwide.
The company stood out for creating exceptional employee experiences and maintaining high-trust relationships. With 93% of employees expressing pride in working at Cadence and 90% feeling they make a difference, the company excels in fostering an inclusive culture. Employees work on transformative technologies including AI, 5G, and autonomous driving while collaborating with leading tech companies.
In 2024, Cadence also achieved Great Place To Work recognition in 13 countries and ranked #9 on Fortune's 100 Best Companies to Work For list in the United States.
Cadence Design Systems hosted its inaugural Fem.AI Summit on October 1, 2024, focusing on addressing gender disparity in high tech and AI. The summit, launched by the Cadence Giving Foundation, featured prominent speakers including Dr. Chelsea Clinton, Dr. Joy Buolamwini, and Reshma Saujani. CEO Anirudh Devgan emphasized women's important role in AI's future. The event brought together innovators, educators, business leaders, and investors to create an ecosystem supporting women's participation in the AI revolution. The initiative has gained support from companies like Equinix Foundation, NetApp, NVIDIA, Unity Technologies, and Workday through the Fem.AI Alliance.
Cadence Design Systems (CDNS) reported strong Q3 2024 results with revenue of $1.215 billion, up 19% year-over-year. The company achieved a non-GAAP operating margin of 45% and non-GAAP EPS of $1.64. Quarter-end backlog reached $5.6 billion, with current remaining performance obligations of $2.9 billion. Notable growth areas included System Design & Analysis (47% YoY), IP business (59% YoY), and Functional Verification (22% YoY). The company raised its 2024 non-GAAP EPS outlook midpoint to $5.90 and expects full-year revenue between $4.61-4.65 billion.
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