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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

Cadence’s Anirudh Devgan to Present at UBS Global Technology Conference

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Cadence Design Systems, Inc. (Nasdaq: CDNS) - Anirudh Devgan, president and CEO, will participate in a fireside chat at the UBS Global Technology Conference on November 28, 2023. The webcast will be live at 2:35 p.m. PST and archived on the Cadence website for 180 days.
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Fortune and Great Place to Work(R) Name Cadence One of the World’s Best Workplaces(TM) in 2023, Ranking 9th

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Cadence Design Systems, Inc. (Nasdaq:CDNS) has been honored as one of the 2023 World's Best Workplaces by Fortune magazine and Great Place To Work® for the eighth time, ranking #9. The company was recognized for creating exceptional employee experiences, high-trust relationships, and fair workplaces. Dr. Anirudh Devgan, president and CEO of Cadence, expressed gratitude to employees for their commitment to fostering a high-performance, inclusive culture. The selection process for the list was rigorous, based on employee feedback and analytics, and focused on fair treatment of employees across various aspects of identity and job roles.
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When Excitement STEMs From Action

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Cadence Design Systems: Encouraging Girls' Interest in STEM Through Robotics Programs. The press release details the efforts of a community member, Bahadir, to support STEM education for girls through robotics programs. The release emphasizes the importance of engaging young women in STEM fields and the role of parents, educators, and industry professionals in supporting and encouraging girls' interest in science and technology. Cadence, Bahadir's employer, provided a grant to support the robotics teams at a local school, highlighting the company's commitment to promoting STEM education. The release also discusses the need for increased diversity in STEM fields and the positive impact of integrating more women into the industry.
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Fortune and Great Place To Work® Name Cadence One of the World’s Best Workplaces™ in 2023, Ranking #9

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Cadence Design Systems, Inc. (Nasdaq: CDNS) has been honored as one of the 2023 World’s Best Workplaces™ by Fortune magazine and Great Place To Work® for the eighth time, ranking #9. This recognition highlights Cadence's commitment to fostering a high-performance, inclusive culture. The company's participation in Great Place To Work’s employee survey process, its Cadence Giving Foundation, ESG goals, and One Cadence – One Team culture have contributed to its positive change. The selection process was rigorous, with companies only considered if they were already a Great Place To Work Certified™ organization. The list reflects companies' ability to create a great employee experience that is fair and equal for all, cutting across race, gender, age, disability status, or any aspect of employee identity or job role.
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Cadence and Autodesk Collaborate on Smart Product Design

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Cadence Design Systems, Inc. (Nasdaq: CDNS) collaborates with Autodesk to provide solutions that accelerate intelligent system design. The partnership offers automated design synchronization between Autodesk Fusion and Cadence’s generative AI-powered Allegro X and OrCAD X platforms, leveraging Cadence’s new X AI capability for improved PCB design productivity. The integration enables seamless collaboration between electronic and mechanical engineering, addressing challenges in manual design data methods and allowing full advantage of cloud-based mechanical design and generative AI/ML PCB design, while fully leveraging multiphysics analysis for power, thermal, electromagnetics, and more.
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Cadence EMX 3D Planar Solver Certified for Samsung Foundry 8nm LPP Process Technology

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Cadence Design Systems, Inc. (CDNS) announces that its EMX 3D Planar Solver is now certified for use with Samsung Foundry’s advanced 8nm Low Power Plus (LPP) process technology. The solver achieved strong results across all of Samsung certification criteria, ensuring highly accurate, high-capacity EM analysis for advanced designs, leading to first-pass silicon success and faster time to market.
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Cadence Announces Voltus InsightAI, Industry’s First Generative AI Technology that Automatically Identifies and Addresses EM-IR Violations

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Cadence Design Systems announces Voltus InsightAI, the industry's first generative AI technology for identifying and resolving EM-IR drop violations early in the design process. It improves power, performance, and area (PPA) by fixing up to 95% of violations prior to signoff, leading to a 2X productivity improvement. The technology uses machine learning-generated power grid models and offers fast IR inferencing, IR drop diagnostics, multi-method fixing, and full integration with Cadence's solutions.
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Realtek Deploys Cadence Tempus Timing Solution to Deliver Working Silicon on N12 Design

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Realtek successfully used Cadence's Tempus Timing Solution to sign off an N12 high-performance CPU core, achieving improved power, performance, and area. They experienced up to 2X improved productivity, a 50% reduction in design closure turnaround time, and a 50% reduction in compute and memory costs.
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DEI@Cadence: Small Changes Adding to a Big Change

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Cadence Design Systems emphasizes the importance of diversity, equity, and inclusion (DEI) through their One Cadence-One Team culture. The company's Cadence Voice initiative has led to the implementation of several projects focused on women, diversity, equity, and inclusion.
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Cadence Expands Pfizer’s License to Molecular Design Software

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Cadence Molecular Sciences, a business unit of Cadence Design Systems, has extended and expanded its agreement with Pfizer to provide access to computational software for advanced molecular design. The software is used by major pharmaceutical and biotech companies worldwide to accelerate drug discovery innovation.
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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.

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Cadence Design Systems

Nasdaq:CDNS

CDNS Rankings

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

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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