Cadence Design Systems - CDNS STOCK NEWS

Cadence Design Systems, Inc. (NASDAQ: CDNS) will release its second quarter 2022 financial results via webcast on Monday, July 25, 2022, at 2:00 p.m. Pacific Time. The event features key executives, including CEO Dr. Anirudh Devgan and CFO John Wall. An archive of the webcast will be accessible from 5:00 p.m. Pacific Time on July 25 until 5:00 p.m. Pacific Time on September 16, 2022. For more information, visit cadence.com/investor_relations.

Cadence Design Systems (CDNS) has launched the Voltus-XFi Custom Power Integrity Solution, enhancing EM-IR flow for efficient low-power IC development. The solution integrates with Cadence's existing platforms, promising over a 3X productivity boost. Utilized by clients like Samsung and The Six Semiconductor, Voltus-XFi improves design closure and facilitates full-chip verification. Cadence emphasizes its role in sustainable electronics by reducing power consumption through advanced power analysis tools.

Cadence Design Systems has expanded its Tensilica ConnX DSP family with the introduction of ConnX 110 and ConnX 120 models, enhancing embedded processing capabilities for automotive, consumer, and industrial markets. These DSPs optimize performance, power, and area (PPA) with a common instruction set architecture, catering to radar, lidar, and communications applications. Features include 128-bit and 256-bit SIMD performance, low power consumption, and full ISO 26262 compliance. The new DSPs aim to address increasing demands for efficient radar and 5G processing.

Cadence Design Systems has launched Xcelium Apps, a suite of domain-specific technologies for the Xcelium Logic Simulator aimed at enhancing verification performance for automotive, mobile, and hyperscale design teams. Customers can achieve up to a 10X throughput improvement in regression testing. The portfolio includes apps for Machine Learning, Mixed-Signal, Multi-Core, Safety, Power Playback, and X-Pessimism Removal, which streamline various simulation processes. This innovation positions Cadence for continued leadership in electronic systems design.

Cadence Design Systems (NASDAQ: CDNS) has announced an extended collaboration with Arm to enhance mobile device silicon development using Cadence's digital and verification tools. This collaboration introduces the Arm Total Compute Solutions 2022 (TCS22), which includes Cortex-A715 and Cortex-X3 CPUs and Mali-G715 and Immortalis-G715 GPUs. Cadence provides optimized RTL-to-GDS digital flow Rapid Adoption Kits (RAKs) for 5nm and 7nm nodes, improving productivity and achieving power, performance, and area goals, while also enhancing verification throughput for customers.

Cadence Design Systems has joined the Intel Foundry Services (IFS) Cloud Alliance, enhancing access to its design tools and Intel's advanced technologies in a secure cloud environment. This partnership allows customers to utilize Cadence's extensive cloud portfolio, improving efficiency and reducing time to market. The collaboration aims to benefit various sectors, including 5G, automotive, and AI, by enabling scalable design solutions and flexible business models. Cadence's expertise in electronic design automation will accelerate innovation for IFS customers.

Cadence Design Systems (CDNS) announced that its PCI Express 5.0 PHY and Controller IP has passed PCI-SIG certification tests at the first compliance event in April. The solutions achieved a speed of 32GT/s, aimed at SoC designs for hyperscale computing and networking. This certification enhances Cadence's position as a provider of power-efficient SoCs, aiding in faster market delivery. Key partnerships with TSMC and Intel further bolster their technological reputation. The PCIe 5.0 Design Kits are now available for licensing on TSMC N7, N6, and N5 processes.

Cadence Design Systems has announced an accelerated share repurchase (ASR) agreement with Royal Bank of Canada, aiming to buy back $100 million of its common stock. The initial delivery will include approximately 489,000 shares, with the remainder to be settled in the third quarter of 2022. The total number of shares repurchased will depend on Cadence’s daily volume-weighted average share prices during the ASR term, adjusted for a discount. This buyback is expected to enhance shareholder value and indicate confidence in Cadence's future.

Cadence Design Systems has announced a collaboration with TSMC to enhance innovation in mobile, 5G, and wireless applications through the N6RF design enablement. The newly developed process design kit (PDK) is aiding mutual customers in utilizing the Cadence RFIC solutions. This partnership optimizes several tools, including the Cadence Virtuoso Schematic Editor, facilitating effective design processes and improving performance, power efficiency, and reliability. The collaboration aims to streamline the design flow, aiding clients in reaching productivity goals faster.