Welcome to our dedicated page for Cadence Design System news (Ticker: CDNS), a resource for investors and traders seeking the latest updates and insights on Cadence Design System stock.
Cadence Design Systems, Inc. (Nasdaq: CDNS) is a software publisher focused on electronic design automation (EDA), design IP and system design and analysis, with a strong emphasis on AI and digital twins. The CDNS news feed highlights how the company’s computational software and Intelligent System Design™ strategy support semiconductor and systems companies across hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics.
Investors and industry followers can use this page to review company announcements on financial results, including quarterly earnings releases, backlog updates, margin disclosures and business outlooks, which Cadence distributes via press releases and related 8-K filings. These updates often include commentary from senior management and details on product and maintenance revenue, services revenue and non-GAAP metrics.
Cadence news also covers technology milestones and product introductions. Examples include LPDDR5X and LPDDR6 memory IP system solutions for AI training, inference and data center workloads, as well as announcements related to memory and interface IP for standards such as HBM, DDR5, PCIe, UCIe, UALink and high-speed Ethernet. Other releases describe the company’s Chiplet Spec-to-Packaged Parts ecosystem and Physical AI chiplet platform, developed in collaboration with partners like Arm and Samsung Foundry to support chiplet-based architectures for physical AI, data center and HPC applications.
Additional news items address strategic transactions and governance, such as the acquisition of Secure-IC, the planned acquisition of Hexagon’s design and engineering business, and board appointments including Dr. Luc Van den hove. Community-focused announcements, like the Cadence Giving Foundation’s multi-year commitment to expand the AI Hub at San José State University, provide insight into the company’s engagement with education and the broader AI ecosystem.
By following CDNS news, readers can track how Cadence’s EDA tools, design IP, AI and digital twin technologies evolve, how the company communicates its financial performance, and how strategic partnerships and acquisitions shape its role in semiconductor and system design. Bookmark this page to access an organized stream of Cadence press releases and related updates.
Cadence Design Systems reported a revenue of $1.022 billion for Q1 2023, up from $902 million in Q1 2022. The company achieved a GAAP operating margin of 32% and a net income of $242 million ($0.89 per diluted share), compared to a 35% operating margin and $235 million ($0.85 per diluted share) in the prior year. Non-GAAP results showed an operating margin of 42% and net income of $351 million ($1.29 per diluted share). The outlook for 2023 revenue growth is now approximately 14%, with expected total revenue between $4.03 billion to $4.07 billion.
For Q2 2023, revenue is anticipated to fall between $960 million to $980 million, and GAAP net income is projected at $0.73 to $0.77 per diluted share.
Cadence Design Systems (CDNS) announced the successful tapeout of its 16G UCIe 2.5D advanced package IP on TSMC's 3nm N3E process technology. This innovation supports ultra-high bandwidth density and low-power performance, crucial for AI, mobile, and automotive applications. The UCIe IP facilitates chiplet integration, addressing the industry's shift away from traditional monolithic designs. Cadence has engaged with Tier 1 customers, showcasing the solution's capabilities to streamline integration processes. Key components include the UCIe Advanced Package PHY for high bandwidth, the cost-efficient UCIe Standard-Package PHY, and a versatile UCIe Controller. The milestone reflects Cadence's commitment to interoperability and innovation within the chiplet ecosystem.
Cadence Design Systems has launched its new 112G Extended Long-Reach (112G-ELR) SerDes IP on TSMC’s N4P process, aimed at advancing hyperscale ASICs, AI/ML accelerators, and 5G infrastructure. This innovative technology supports an insertion loss of 43dB and a bit error rate of 10-7, delivering significant performance margins and robust system capabilities for challenging channels. The IP, compliant with IEEE and OIF standards, excels in power, performance, and area efficiency, catering to a variety of reach applications from 1G to 112G. Cadence’s collaboration with TSMC promises to enhance customer design solutions, effectively addressing industry challenges.
The 112G-ELR SerDes PHY is currently available for customer engagements, reinforcing Cadence’s leadership in high-performance connectivity.
Summary not available.
Cadence Design Systems has launched the new Cadence Virtuoso Studio, a next-generation custom design platform that significantly enhances design productivity by over 3X. This platform integrates seamlessly with existing Cadence technologies, facilitating complex semiconductor and 3D-IC designs. Leveraging 30 years of industry experience, Virtuoso Studio addresses challenges in managing larger designs, enabling quicker time-to-market for customers.
Features include advanced automation for layout placement, cloud-readiness for scalable solutions, and generative AI tools that streamline design migration. The platform supports heterogeneous integration for next-gen applications, ensuring design accuracy and efficiency through innovative tools and optimization techniques.
Summary not available.
Cadence Design Systems has announced the recipients of its Women in Technology Scholarship, honoring accomplished women pursuing technical degrees. The awardees were selected based on their strong academic performance, community engagement, leadership qualities, and endorsements from educators. The scholarship aims to support these women as they strive to innovate in the technology sector. A video featuring interviews with the scholarship recipients details their personal experiences and future aspirations in technology. Cadence is committed to fostering diversity and encouraging future leaders in tech.
Cadence Design Systems, Inc. (CDNS) has announced successful interoperability of its LPDDR5X memory interface IP with SK hynix’s LPDDR5T mobile DRAM, achieving speeds above the LPDDR5X standard. The LPDDR5X IP design operates at 8533Mbps, while the LPDDR5T technology reaches 9600Mbps. This high-performance memory solution is designed with a scalable architecture and is positioned for future memory developments, enhancing its adaptability. The technology is now available for customer engagements, supporting Cadence’s Intelligent System Design strategy, which focuses on optimized SoC design. These advancements open new opportunities in sectors such as AI and augmented reality, marking a significant milestone for Cadence in the memory interface space.
Cadence Design Systems (CDNS) has announced an expanded collaboration with TSMC and Microsoft to enhance physical verification for giga-scale digital designs on the Microsoft Azure cloud. This collaboration allows customers to utilize the Cadence Pegasus Verification System along with TSMC technology, directly benefiting from the Cadence CloudBurst Platform.
Initial outcomes show that using the Pegasus system in the cloud can improve performance and reduce compute costs by over 20%. The system's FlexCompute technology dynamically manages CPU resources, thus optimizing utilization and reducing turnaround times. The partnership aims to help design teams effectively manage large designs while meeting tight deadlines and budget constraints.
Cadence Design Systems (CDNS) introduces the new EMX Designer, a cutting-edge passive device synthesis tool that significantly enhances design efficiency and accuracy. This innovative technology integrates seamlessly with the Cadence Virtuoso platform, enabling users to generate DRC-clean parametric cells and accurate electromagnetic models in less than 10 seconds, representing over a 10X improvement in synthesis time compared to existing solutions.
Employing the EMX 3D Planar Solver, the EMX Designer ensures high model accuracy and flexibility, allowing rapid adjustments to meet specific design needs. Companies like pSemi and Ubilite have reported substantial productivity gains and reduced design cycle times since adopting this technology, including a 20% reduction in silicon area usage.