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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, Inc. (Nasdaq: CDNS) has acquired Invecas, Inc., a leading provider of design engineering, embedded software, and system-level solutions, adding skilled system design expertise to Cadence. The acquisition brings a skilled engineering team centered in Hyderabad, led by Invecas CEO Dasaradha Gude, with vast experience in delivering end-to-end system solutions. Invecas has extensive experience designing chips and taking them to production, serving hundreds of customers across various verticals. The acquisition is expected to be immaterial to Cadence’s total revenue and earnings this year.
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Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its Q4 and fiscal year 2023 financial results webcast on February 12, 2024, featuring Dr. Anirudh Devgan, president and CEO, and John Wall, CFO. The webcast will be available online until March 15, 2024.
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Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that Wistron has adopted the AI-driven electromagnetic (EM) in-design analysis workflow, resulting in a 2X improvement in turnaround time for the design of an 800G network switch. The use of the Cadence Optimality Intelligent System Explorer and Clarity 3D Solver has allowed Wistron to analyze large volumes of data, improving overall design reliability.
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Cadence Design Systems (CDNS) Hosts Inaugural Global Women Conference, Emphasizing Diversity, Equity, and Inclusion
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Cadence Molecular Sciences (OpenEye), a business unit of Cadence Design Systems (Nasdaq: CDNS), is providing molecular design software to power the open-science AI-driven Structure-enabled Antiviral Platform (ASAP) Discovery Consortium. The $68 million NIH grant will support the development of antivirals to prevent future pandemics. The ASAP Consortium aims to deliver multiple drug candidates ready for evaluation in humans in the event of an ongoing or emerging pandemic threat. OpenEye's software will aid in advancing therapeutics for under-researched diseases and preparing for pandemics.
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Cadence Design Systems (CDNS) employees from the Cork team recently volunteered with Age Action, Ireland's leading advocacy organization for older people, to support digital literacy programs for older individuals. 10 volunteers provided one-to-one training for 10 learners as part of Age Action's Getting Started program, dedicating two hours per week for five weeks.
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Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that Samsung Foundry successfully taped out a 5G networking SoC design on the Samsung 5LPE technology using the Cadence Quantus Extraction Solution and Tempus Timing Solution. This resulted in a 2X productivity boost for Samsung Foundry, leading to faster design closure and significant power, performance, and area (PPA) gains. The team also achieved a reduction in project timeline and overall runtime for the complex design.
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Cadence (CDNC) Commemorates Veterans and Promotes Diversity, Equity, and Inclusion (DEI)
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Cadence Design Systems, Inc. (Nasdaq: CDNS) President and CEO Anirudh Devgan will participate in a fireside chat at the Nasdaq 49th Investor Conference on December 5, 2023. The webcast will be available live at 11:00 a.m. GMT and archived on the Cadence website for 180 days.
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Cadence Design Systems, Inc. (CDNS) CFO John Wall to participate in fireside chat at Wells Fargo 7th Annual TMT Summit on November 29, 2023
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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 $311.87 as of November 22, 2024.

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

The market cap of Cadence Design Systems (CDNS) is approximately 85.1B.

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

85.12B
272.01M
0.81%
91.14%
1.43%
Software - Application
Services-prepackaged Software
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United States of America
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