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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.
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Cadence Design Systems, Inc. announces an expansion of its collaboration with NVIDIA, unveiling transformative solutions like the Cadence Reality Digital Twin Platform and generative AI for drug discovery. The platform accelerates data center design with AI and physics-based simulation, improving energy efficiency by up to 30%. The integration with NVIDIA Omniverse enhances data center workflows by 30X. The collaboration also supercharges drug discovery with NVIDIA BioNeMo, enabling faster therapeutic design and results. The partnership aims to revolutionize data center design and drug discovery, leading the AI revolution.
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Cadence Design Systems collaborates with Arm to deliver a chiplet-based reference design and software development platform aimed at accelerating software-defined vehicle (SDV) innovation in the automotive industry. The solution, utilizing the latest Arm Automotive Enhanced technologies and Cadence IP, enables faster hardware and software development, addressing the increasing complexity of ADAS and SDVs.
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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 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 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 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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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 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 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 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 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
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