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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.

News

Congratulations to Cadence's 2023 Women in Technology Scholarship Recipients

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Cadence celebrates the achievements of 12 recipients of the 2023 Women in Technology Scholarship, showcasing their academic excellence and inspiring journeys. The program saw a record number of applicants, reflecting phenomenal growth in diversity initiatives. Scholarship winners were chosen for their academic prowess, community involvement, and leadership qualities.
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Cadence to Acquire BETA CAE, Expanding into Structural Analysis

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Cadence Design Systems, Inc. (CDNS) is acquiring BETA CAE Systems International AG for approximately $1.24 billion, expanding its system analysis portfolio into structural analysis. The deal includes 60% cash and 40% stock payment, aiming to tap into a multi-billion-dollar TAM opportunity. The acquisition will enhance Cadence's multiphysics platform, addressing the growing system complexity in automotive, aerospace, industrial, and healthcare sectors.
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Cadence’s Anirudh Devgan to Present at Morgan Stanley Conference

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Cadence Design Systems, Inc. announces Anirudh Devgan, President and CEO, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024. The webcast will be live at 3:35 p.m. PST and archived on the Cadence website for 180 days.
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Cadence Expands Tensilica Vision Family with Radar Accelerator and New DSPs Optimized for Automotive Applications

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Cadence Design Systems, Inc. expands its Tensilica IP portfolio with new high-performance Vision DSPs and a radar accelerator to address automotive sensor fusion applications. The new DSPs combine vision, radar, lidar, and AI processing in a single unit, offering energy efficiency and performance benefits. The press release highlights the increasing computational requirements in automotive sensor fusion systems, customer demand for these solutions, and the expected growth in imaging and 4D radar technologies.
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DEI@Cadence: Empowering Women at Cadence Cork

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Cadence showcases its commitment to diversity, equity, and inclusion through its DEI initiatives and women-centric programs. The company's global workforce reflects a multicultural environment, with Cadence Cork standing out as a beacon of equity and opportunity. Through various programs like Women's Leadership Development and Cadence Women's Ireland Network, Cadence empowers women to excel in leadership roles and fosters a supportive and inclusive workplace culture.
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Intel and Cadence Expand Partnership to Enable Best-in-Class SoC Design on Intel’s Advanced Processes

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Intel Foundry Services (IFS) and Cadence Design Systems, Inc. (CDNS) have expanded their partnership with a multiyear strategic agreement to develop customized IP, design flows, and techniques for Intel's advanced RibbonFET processes on Intel 18A and beyond. This collaboration aims to accelerate SoC project schedules for demanding AI, HPC, and mobile applications, enhancing Intel's IDM 2.0 strategy and strengthening offerings for IFS customers.
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Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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Cadence Design Systems, Inc. (CDNS) reported strong financial results for Q4 2023 and FY 2023, with total revenue up 15% YoY and EPS up over 20% YoY. The company achieved a record backlog of $6.0 billion and cRPO of $3.2 billion. Anirudh Devgan, the CEO, attributed the success to innovative solutions and Intelligent System Design strategy.
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Cadence and Dassault Systèmes Unveil the First Cloud-Enabled, Collaborative Experience to Transform the Development of Electromechanical Systems

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Cadence Design Systems, Inc. (CDNS) and Dassault Systèmes partner to integrate AI-driven Cadence OrCAD X and Allegro X with 3DEXPERIENCE SOLIDWORKS, offering an end-to-end solution for next-generation product development with up to a 5X reduction in design turnaround time.
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Cadence Unveils Millennium Platform—Industry’s First Accelerated Digital Twin Delivering Unprecedented Performance and Energy Efficiency

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Cadence Design Systems, Inc. (CDNS) has announced the Cadence® Millennium™ Enterprise Multiphysics Platform, the industry’s first hardware/software accelerated digital twin solution for multiphysics system design and analysis. This first-generation solution accelerates high-fidelity computational fluid dynamics (CFD) simulations, offering up to 1000 CPU cores equivalent throughput per GPU, 20X better energy efficiency than its CPU equivalent, and unmatched accuracy to address complex simulation challenges. The platform leverages GPU and CPU computing and proprietary software algorithms to deliver up to 100X design impact through accuracy, speed, and scale. It is targeted at automotive, A&D, energy, turbomachinery, and data center markets, providing a flexible and scalable solution for customers’ deployment needs.
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Cadence Significantly Advances ECAD/MCAD Convergence for Electronic Systems with New Celsius Studio AI Thermal Platform

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Cadence Design Systems, Inc. (Nasdaq: CDNS) has announced the industry's first complete AI thermal design and analysis solution for electronic systems, called Celsius Studio. This solution addresses thermal analysis and thermal stress for 2.5D and 3D-ICs and IC packaging, as well as electronics cooling for PCBs and complete electronic assemblies. Celsius Studio introduces a unified platform that allows electrical and mechanical/thermal engineers to concurrently design, analyze, and optimize product performance without the need for geometry simplification, manipulation, and/or translation. The solution is architected for massively parallel execution and achieves up to 10X faster performance than prior solutions. Celsius Studio is seamlessly integrated within Cadence IC, packaging, PCB, and microwave design platforms, enabling in-design thermal analyses as well as final signoff. The solution brings a new system-level thermal integrity solution into the marketplace, converging electro-thermal co-simulation, electronics cooling, and thermal stress into one cohesive offering. It is made possible by Cadence's acquisition of Future Facilities in 2022. Celsius Studio delivers benefits such as ECAD/MCAD unification, AI design optimization, in-design analysis of 2.5D and 3D-IC packages, micro-to-macro modeling, large-scale simulation, multi-stage analyses, and true system-level thermal analyses. It is integrated with Cadence's implementation platforms, including Virtuoso Layout Suite, Allegro X Design Platform, Innovus Implementation System, Optimality Intelligent System Explorer, and AWR Design Environment. Customer endorsements from Samsung Semiconductor, BAE Systems, and Chipletz highlight the positive impact of Celsius Studio on product development, design insights, and thermal problem resolution.
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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.

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Cadence Design Systems

Nasdaq:CDNS

CDNS Rankings

#156 Ranked by Market Cap
N/A Ranked by Dividends

CDNS Stock Data

82.24B
272.01M
0.81%
90.99%
1.32%
Software - Application
Services-prepackaged Software
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