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Cadence Design Systems Inc (CDNS) provides critical electronic design automation (EDA) software and semiconductor intellectual property solutions powering modern chip development. This news hub offers investors and industry professionals centralized access to official announcements and market-relevant updates.
Track earnings reports, product launches, and strategic partnerships shaping the EDA landscape. Our curated collection ensures timely access to developments impacting semiconductor design innovation across automotive, AI hardware, and IoT sectors.
Discover how Cadence's tools in digital verification, custom IP blocks, and system-level integration address evolving industry challenges. Bookmark this page for streamlined monitoring of operational milestones and technology advancements directly from the source.
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Cadence Design Systems, Inc. (CDNS) and TSMC collaborate on a wide array of technology advancements to enhance system and semiconductor design across various industries. Key achievements include enhancements to the Integrity 3D-IC platform, certification of digital solutions for TSMC N2 design flow, development of AI-driven design solutions, optimization of custom/analog design flow for TSMC N2 PDK, release of a Virtuoso Studio N16 to N6 RF migration reference flow, availability of industry-leading IP cores for TSMC's N3 process, certification of EMX 3D Planar Solver for N5 process technology, and unveiling of a silicon photonics flow to support TSMC's Compact Universal Photonic Engine technology.
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Cadence Design Systems, Inc. (Nasdaq: CDNS) reported a record first-quarter backlog of $6.0 billion and a cRPO of $3.1 billion for the first quarter of 2024. Despite a slight decrease in revenue compared to the previous year, the company remains optimistic about its performance. The GAAP operating margin was 25%, with a non-GAAP operating margin of 38%. GAAP diluted net income per share was $0.91, while non-GAAP diluted net income per share was $1.17.
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Cadence announces the eight recipients of Cadence's 2023 Latinx Students in Technology Scholarship, highlighting their achievements. The scholarship has seen a significant increase in applications over the years, demonstrating continued growth. Recipients were chosen based on academic excellence, community involvement, leadership skills, and professor recommendations.
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Cadence Design Systems, Inc. (Nasdaq: CDNS) unveils the Palladium Z3 and Protium X3 systems, offering over 2X increased capacity and 1.5X faster performance than previous models. The new systems target multi-billion-gate designs for generative AI, mobile, automotive, hyperscale, and LLM applications, providing seamless design migration and testing. Powered by NVIDIA platforms, the Palladium Z3 and Protium X3 systems set a new standard of excellence in hardware verification and software validation, accelerating time to market and supporting the development of new technologies like generative AI.
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Cadence Design Systems releases its 2023 Environmental, Social, and Governance (ESG) Report, showcasing its commitment to socially responsible business practices and innovative technology.
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Cadence Design Systems, Inc. (CDNS) will host its Q1 2024 financial results webcast with Dr. Anirudh Devgan and John Wall on April 22, 2024. The webcast will start at 2:00 p.m. PT and an archive will be available until June 14, 2024.
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Cadence Design Systems partners with San José State University's Rocketry Program, enabling students to design and build rockets with the help of Cadence's CFD software. This collaboration enhances students' hands-on learning experience and reduces expenses and risks associated with rocket design.
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Cadence Design Systems, Inc. (CDNS) has been named to the Fortune 100 Best Companies to Work For list for the 10th consecutive year. Dr. Anirudh Devgan, the president and CEO of Cadence, emphasized the importance of company culture in driving business success.
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ONiO partners with Cadence Design Systems to provide a sustainable technology platform for building maintenance-free electronics using renewable energy sources, reducing battery waste and pollution.
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Cadence Design Systems, Inc. introduces an AI-driven digital twin solution for data center design and modernization, improving energy efficiency by up to 30%. The platform utilizes AI, HPC, and physics-based simulation to optimize data center operations and address environmental concerns. Key benefits include advanced modeling capabilities, environmental considerations, customized reporting, and innovative cooling strategies. Industry experts praise the platform for driving energy efficiency and preparing for the future demands of AI workloads.
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Cadence Design System Inc
Nasdaq:CDNS
CDNS Rankings
CDNS Stock Data
77.28B
273.36M
0.8%
92.09%
1.55%
Software - Application
Services-prepackaged Software
United States
SAN JOSE