STOCK TITAN
  1. Home
  2. News
  3. CDNS

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

Intel and Cadence Expand Partnership to Enable Best-in-Class SoC Design on Intel’s Advanced Processes

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
partnership
-
News

Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
Tags
earnings
-
News

Cadence and Dassault Systèmes Unveil the First Cloud-Enabled, Collaborative Experience to Transform the Development of Electromechanical Systems

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
News

Cadence Unveils Millennium Platform—Industry’s First Accelerated Digital Twin Delivering Unprecedented Performance and Energy Efficiency

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
-
News

Cadence Significantly Advances ECAD/MCAD Convergence for Electronic Systems with New Celsius Studio AI Thermal Platform

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
AI
-
News

DEI@Cadence: Sharing and Learning in 2023

Rhea-AI Summary
Cadence Design Systems is committed to diversity, equity, and inclusion (DEI) and has implemented initiatives to celebrate diverse perspectives and create equal opportunities for workers. The company launched the DEI@Cadence blog series in 2023 and has been sharing stories of women in technology, experiences of employees at new locations, and organizing events and celebrations to bring employees together.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
none
News

Cadence Unveils New Palladium Z2 Apps with Industry’s First 4-State Emulation and Mixed-Signal Modeling to Accelerate SoC Verification

Rhea-AI Summary
Cadence Design Systems, Inc. (Nasdaq: CDNS) has announced a new portfolio of applications for its Palladium Z2 Enterprise Emulation System, including the 4-State Emulation App, Real Number Modeling App, and Dynamic Power Analysis App. These apps enhance system design complexity management, improve system-level accuracy, and accelerate low-power verification for advanced applications, such as AI/ML, hyperscale, and mobile. The company's customers are able to address the growing challenges of system design complexity with the industry-leading performance and features offered by the new and enhanced Palladium Apps.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
none
-
News

Cadence Soars up the Wall Street Journal List of Best Managed Companies in 2023

Rhea-AI Summary
Cadence (CDNS) has secured the #74 spot on the 2023 Wall Street Journal List of Best Managed Companies, reflecting its commitment to excellence in management practices, innovation, and strategic leadership. The company also emerged as a standout performer in the Employee Engagement subcategory, showcasing its dedication to fostering a workplace culture that values and engages its employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
none
-
News

Cadence Wins TCSA Top 10 Foreign Sustainable Model Companies Award

Rhea-AI Summary
Cadence Design Systems (CDNS) Wins Top 10 Foreign Sustainable Model Companies Award from Taiwan Institute for Sustainable Energy (TAISE)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
News

WPI Enables More Accurate, Non-Invasive, and Remote Patient Monitoring with Cadence

Rhea-AI Summary
Cadence Design Systems (CDNS) partners with Worcester Polytechnic Institute (WPI) to develop a new sensor for remote patient monitoring, particularly for babies. The sensor aims to provide accurate and non-invasive monitoring of important variables like oxygen and carbon dioxide levels, allowing doctors to provide better care to infants. WPI's monitors, developed with the help of Cadence tools, are designed to be more accessible, accurate, and family-friendly, reducing the burden on healthcare and enabling remote patient monitoring.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
none

FAQ

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

The current stock price of Cadence Design Systems (CDNS) is $306.51 as of November 21, 2024.

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

The market cap of Cadence Design Systems (CDNS) is approximately 83.0B.

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.

Stock CDNS logo
Cadence Design Systems

Nasdaq:CDNS

CDNS Rankings

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

CDNS Stock Data

83.05B
272.01M
0.81%
91.14%
1.43%
Software - Application
Services-prepackaged Software
Link
United States of America
SAN JOSE