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Cadence Design Systems - CDNS STOCK NEWS

Welcome to our dedicated page for Cadence Design Systems news (Ticker: CDNS), a resource for investors and traders seeking the latest updates and insights on Cadence Design Systems stock.

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.

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Cadence Design Systems (Nasdaq: CDNS) has announced a $5 million Professorship Fund at MIT's Schwarzman College of Computing. This fund aims to establish a full professorship for faculty specializing in artificial intelligence (AI), machine learning (ML), and data analytics. It will also support career development for emerging researchers in these fields. CEO Lip-Bu Tan expressed pride in supporting MIT, highlighting the significance of AI, ML, and data analytics in the computational software industry.

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Cadence Design Systems, Inc. (Nasdaq: CDNS) has agreed to acquire NUMECA International, a leader in computational fluid dynamics (CFD) solutions. This acquisition enhances Cadence's Intelligent System Design strategy and expands its system analysis portfolio in a $1.6 billion total addressable market (TAM) for CFD, supporting industries such as aerospace and automotive. The deal is expected to close in Q1 2021 and will be immaterial to revenue and earnings for the current year. Key benefits include improved multi-physics engineering solutions and enhanced design capabilities.

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Cadence Design Systems (NASDAQ: CDNS) will present its fourth quarter and fiscal year 2020 financial results during a webcast on February 22, 2021, at 2:00 p.m. PT. CEO Lip-Bu Tan and CFO John Wall will participate in the session. The webcast will be accessible until March 19, 2021, at cadence.com/cadence/investor_relations. Cadence, a leader in electronic design, has earned recognition in Fortune's 100 Best Companies to Work For for six consecutive years.

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Cadence Design Systems (Nasdaq: CDNS) announced the certification of its complete system analysis and advanced packaging design tool flow by Samsung Foundry as part of its Multi-Die Integration (MDI) advanced packaging reference flow. This certified flow enhances design accuracy for 2.5D and 3D chip designs, crucial for hyperscale computing and AI applications. Key components include the Celsius Thermal Solver and Clarity 3D Solver, which improve electrical and thermal requirement validations, allowing for reduced costs and enhanced product reliability.

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Cadence Design Systems (Nasdaq: CDNS) announces Samsung Foundry's adoption of its Spectre X Simulator for 5nm PCI Express PHY IP targeting automotive, mobile, consumer, and healthcare sectors. This integration allows for up to 10X simulation performance gains while preserving accuracy. The simulator’s capabilities resolve long-standing simulation capacity issues, enabling faster design cycles. Samsung Foundry's VP, Sangyun Kim, noted its impact on design quality and efficiency. The simulator aligns with Cadence's Intelligent System Design strategy.

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Cadence Design Systems (Nasdaq: CDNS) announced that Rockley Photonics has successfully utilized Cadence's advanced system analysis and custom design tools to create a high-performance System-in-Package (SiP) for hyperscale data centers. Utilizing a suite of Cadence tools, including the Clarity 3D Solver and EMX 3D Planar Solver, Rockley achieved first-pass success and accelerated its time to market. This collaboration showcases Cadence's Intelligent System Design strategy aimed at enhancing system innovation for its customers.

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Cadence Design Systems (Nasdaq: CDNS) announced the appointment of Julia Liuson to its board of directors, effective January 4, 2021. Julia, corporate vice president at Microsoft, brings extensive technology and strategic expertise, having led substantial growth in developer tools like Visual Studio. Cadence's chairman, John B. Shoven, emphasized her role in enhancing the company's Intelligent System Design strategy. Liuson is noted for her contributions to diversity in STEM and was inducted into the Women in Technology Hall of Fame in 2019.

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Cadence Design Systems (Nasdaq: CDNS) announces that CFO John Wall will participate in a virtual fireside chat at the Nasdaq 43rd Investor Conference.

This event is scheduled for December 1, 2020, at 9:00 a.m. EST. Investors can access the live webcast and subsequent replay on Cadence's investor relations website until January 1, 2021.

Cadence, a leader in electronic design for over 30 years, serves innovative companies across various sectors, recognized as one of Fortune's 100 Best Companies to Work For for six consecutive years.

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Cadence Design Systems (Nasdaq: CDNS) will have CFO John Wall participate in a virtual fireside chat at the Nasdaq 43rd Investor Conference on December 1, 2020. The presentation is scheduled to start at 9:00 a.m. EST and will be available via webcast. An archived version of the talk will be accessible until January 1, 2021. Cadence continues to lead in electronic design for over 30 years, serving sectors including consumer electronics, automotive, and 5G communications, and has been recognized by Fortune as one of the 100 Best Companies to Work For.

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Cadence Design Systems (Nasdaq: CDNS) CEO Lip-Bu Tan will participate in a virtual fireside chat at the Credit Suisse 24th Annual Technology Conference on December 2, 2020, at 10:10 a.m. EST. The webcast will be available live and can be accessed for replay until January 1, 2021, at 5:00 p.m. PST. Cadence, a leader in electronic design, leverages over 30 years of expertise to provide innovative solutions in various sectors like 5G, automotive, and healthcare. The company's website hosts the live event link and additional information about its Intelligent System Design strategy.

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FAQ

What is the current stock price of Cadence Design Systems (CDNS)?

The current stock price of Cadence Design Systems (CDNS) is $301.47 as of December 20, 2024.

What is the market cap of Cadence Design Systems (CDNS)?

The market cap of Cadence Design Systems (CDNS) is approximately 82.2B.

What does Cadence Design Systems do?

Cadence Design Systems provides electronic design automation software, semiconductor IP, and system design and analysis products.

What are the core products offered by Cadence?

Cadence offers custom/analog tools, digital design automation tools, IC packaging and PCB tools, design IP, and verification IP.

How does Cadence benefit semiconductor companies?

Cadence's solutions help semiconductor companies automate and optimize their design processes, enhancing efficiency and accuracy.

What industries use Cadence's products?

Various industries, including semiconductor, consumer electronics, automotive, and more, utilize Cadence's design and verification solutions.

What recent achievements has Cadence accomplished?

Cadence has been recognized for its innovative EDA solutions and has expanded its portfolio to include more advanced design and verification tools.

How does Cadence support system-level design?

Cadence provides integrated hardware/software co-development platforms that aid in system-level analysis and verification.

What makes Cadence's EDA software unique?

Cadence's EDA software offers a full-flow end-to-end solution that enhances design accuracy, productivity, and complexity management.

How can investors stay updated on Cadence's latest news?

Investors can visit the StockTitan page dedicated to Cadence Design Systems for the latest news, updates, and stock performance information.

What is the significance of Cadence's design IP portfolio?

Cadence's design IP portfolio supports a wide range of components, helping companies develop high-quality and robust electronic products.

How does digitalization affect Cadence's business?

The digitalization of various end markets increases the demand for advanced EDA solutions, benefiting vendors like Cadence.

Cadence Design Systems

Nasdaq:CDNS

CDNS Rankings

CDNS Stock Data

82.24B
272.01M
0.81%
90.99%
1.32%
Software - Application
Services-prepackaged Software
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United States of America
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