Cadence Design Systems - CDNS STOCK NEWS

Cadence Design Systems, Inc. (Nasdaq: CDNS) has launched the new Tensilica® FloatingPoint DSP family, designed for floating-point workloads. This scalable and configurable solution supports various applications, from battery-operated devices to AI/ML and AR/VR. The DSPs, including KP1, KP6, KQ7, and KQ8 models, offer significant performance enhancements with a 25% improvement in FMA operations and up to 40% area savings over fixed-point DSPs. These DSPs align with Cadence's Intelligent System Design strategy, aiming to optimize power, performance, and area (PPA) for diverse computing needs.

Cadence Design Systems (Nasdaq: CDNS) announced that Sequans Communications has implemented the Cadence Virtuoso RF Solution, achieving a 2X performance improvement for its 5G IoT platform. The integration of the Cadence Spectre X RF Simulator and EMX Planar 3D Solver allows for high-frequency RF analysis, accelerating time to market while maintaining accuracy. Sequans utilized the AWR Visual System Simulator for measuring overall system performance adhering to 5G standards. This collaboration enhances design efficiency, crucial for meeting tight deadlines in the IoT market.

Cadence Design Systems (Nasdaq: CDNS) launched the Cadence Allegro X Design Platform, a groundbreaking engineering platform that integrates schematic, layout, analysis, collaboration, and data management. This innovative platform is expected to enhance design efficiency by up to 4X compared to previous tools by allowing concurrent collaboration and minimizing iterations. Leveraging NVIDIA GPUs and hybrid cloud solutions, Allegro X boosts performance and throughput significantly, while incorporating advanced technologies for multi-objective optimization. The platform is set for general release in Q4 2021.

Cadence (Nasdaq: CDNS) announces that Nimish Modi, Senior Vice President, Marketing & Business Development, will participate in a virtual fireside chat at the Berenberg Thematic Software Days Conference on June 15, 2021. The session starts at 4:00 p.m. BST and will be accessible via webcast on cadence.com/cadence/investor_relations.

The presentation will be archived for replay until July 2, 2021.

Cadence Design Systems (Nasdaq: CDNS) announces that Anirudh Devgan, president, and John Wall, CFO, will engage in a virtual fireside chat during the 44th Nasdaq Investor Conference. This event is scheduled for June 15, 2021, at 2:00 p.m. BST. Attendees can access the live webcast on Cadence's investor relations page and will have the opportunity to replay the presentation until July 10, 2021. Cadence, a leader in electronic design, leverages over 30 years of expertise, serving innovative companies across diverse sectors such as 5G, automotive, and healthcare.

Cadence Design Systems (Nasdaq: CDNS) will feature a virtual fireside chat with President Anirudh Devgan and CFO John Wall at the Baird 2021 Global Consumer, Technology & Services Conference. The chat is scheduled for June 10, 2021, at 12:15 p.m. EDT. A live webcast will be accessible online, with the presentation archived for replay until July 2, 2021, at 5:00 p.m. PDT. Cadence, a leader in electronic design, helps transform innovative concepts into reality through its Intelligent System Design strategy, serving numerous dynamic industries.

Cadence Design Systems (Nasdaq: CDNS) announced that EdgeCortix, a leader in AI-driven solutions for edge computing, has implemented multiple Cadence digital tools to enhance the design and verification of its AI chips. Key improvements include a verification environment development time reduced to under a month and a 2X decrease in power analysis time. EdgeCortix plans to adopt the Cadence CloudBurst platform to leverage cloud capabilities for efficient product delivery. These advancements underscore the effectiveness of Cadence's Intelligent System Design strategy.

Cadence Design Systems (Nasdaq: CDNS) is expanding its collaboration with TSMC to enhance mobile, AI, and hyperscale computing designs using Cadence's digital and custom tool suites. These tools have been certified for TSMC's N3 and N4 processes, facilitating efficient design and faster time to market. Both digital and custom tool suites support Cadence's Intelligent System Design strategy, enabling SoC design excellence. TSMC has reported successful customer test chip tapeouts, highlighting the effectiveness of this enhanced collaboration.

Cadence Design Systems (Nasdaq: CDNS) has launched Clarity 3D Solver Cloud, a secure and cost-effective solution for 3D electromagnetic (EM) simulations. This service allows users to scale computation from 32 to thousands of cores via Amazon Web Services (AWS) while maintaining local data security. Users benefit from 24/7 access to cloud resources without upfront costs. Cadence's innovative approach minimizes simulation turnaround times, allowing for faster processing of increasingly complex electronic designs demanded by technologies like 5G and DDR5.