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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 (Nasdaq: CDNS) will participate in a virtual fireside chat at the 45th Nasdaq Investor Conference on November 30, 2021, at 12:30 p.m. EST. Anirudh Devgan, president, and John Wall, CFO, will represent the company. The event will be accessible via webcast and archived for replay until December 17, 2021, at 5:00 p.m. PST. Cadence, a leader in electronic design with over 30 years of experience, focuses on Intelligent System Design and serves various innovative sectors.
Cadence Design Systems announces the qualification of its Integrity 3D-IC platform by Samsung Foundry, enabling advanced 2D-to-3D partitioning for improved power, performance, and area (PPA) in chip design. This solution automates the creation of memory-on-logic configurations for hyperscale computing, mobile, automotive, and AI applications. The platform enhances 3D stacking by reducing memory latency and wirelength, thus boosting CPU performance and facilitating comprehensive system analysis.
Cadence Design Systems (NASDAQ: CDNS) announced that Samsung Foundry has successfully utilized its Liberate Trio Characterization Suite to enhance the efficiency of 3nm production libraries. This advanced characterization suite expedited Samsung's time to market by improving productivity and reducing turnaround time compared to earlier nodes. Key features include a unified production-proven flow, machine learning capabilities, and cloud optimization, enabling scalable and reliable operations. The collaboration supports Cadence's Intelligent System Design strategy, enhancing design enablement across various applications.
Cadence Design Systems (CDNS) announced that Samsung Foundry has adopted the Cadence Tempus Timing Signoff Solution featuring a new SPICE-accurate aging analysis capability. This advancement aims to enhance the reliability of designs for automotive, aerospace, and consumer applications while improving power, performance, and area (PPA). The Tempus solution allows Samsung to validate designs with over 10 years of reliability, achieving up to 4.2% improved frequency and 10% better timing slack. This collaboration marks a significant step towards high-reliability device manufacturing.
Cadence Design Systems (Nasdaq: CDNS) will participate in a virtual fireside chat at the Berenberg US CEO Conference on November 9, 2021. The discussion, featuring
Cadence Design Systems announced the launch of the Tensilica HiFi 1 DSP, designed to optimize audio processing in small battery-operated devices like earbuds and smartwatches. This DSP boasts ultra-low energy consumption, enhancing battery life while enabling features like always-listening voice commands. Compared to its predecessor, the HiFi 3 DSP, this model offers 11-16% smaller footprint and up to 73% greater energy efficiency. The new DSP is available now and supports Cadence’s Intelligent System Design strategy, catering to the emerging demand in wearables and hearables.
Cadence Design Systems (CDNS) has collaborated with TSMC to enhance 3D-IC multi-chiplet design innovations. The Integrity 3D-IC platform, the first unified system for 3D-IC planning and analysis, now supports TSMC's 3DFabric technologies, improving engineering productivity and design turnaround time. Additionally, the Tempus Timing Signoff Solution and the Voltus IC Power Integrity Solution are optimized for robustness in design. This partnership aims to enable competitive advancements in hyperscale computing, mobile, and automotive applications.
Cadence Design Systems (Nasdaq: CDNS) reported a strong third quarter of 2021 with revenue of $751 million, up from $667 million in Q3 2020. The company achieved a GAAP operating margin of 26% and net income of $176 million, or $0.63 per diluted share. Non-GAAP results showed an operating margin of 36% and net income of $222 million, or $0.80 per diluted share. For Q4 2021, revenue is projected between $745 million and $765 million, with an annual revenue forecast of $2.96 billion to $2.98 billion.
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