Cadence Design System Inc Stock Price, News & Analysis

Cadence Design Systems announced that SK hynix has adopted the Spectre FX Simulator for FastSPICE-based verification of DDR4 and DDR5 DRAMs, targeting PC and mobile applications. This simulator enhances simulation accuracy and speed, crucial for managing complex designs with millions of transistors. By leveraging multicore architecture, SK hynix improves simulation turnaround time, ensuring timely product delivery. The Spectre FX Simulator plays a vital role in achieving stringent specifications and productivity gains in design methodology.

Cadence Design Systems has partnered with M31 Technology Corporation to leverage the Cadence CloudBurst platform alongside its Liberate Trio Characterization Suite. This collaboration aims to accelerate the delivery of advanced-node silicon IP, reducing setup time by 25X and overall time to market by 5X. M31 has utilized Cadence's characterizations for years, benefitting from reliable, scalable solutions that enhance their product offerings without upfront costs or dedicated IT resources.

Cadence Design Systems has announced that GlobalFoundries has qualified its digital solution on AWS for the 22FDX platform. This qualification enhances cloud scalability and design efficiency, enabling faster market readiness. Xenergic successfully used Cadence's Cloud Passport to tape out a low-power test chip, illustrating the competitive edge gained from these technologies. Cadence's portfolio supports various design challenges, promising improved design power, performance, and area (PPA) outcomes for sectors like automotive and IoT.

Cadence Design Systems (CDNS) has been selected for the Microsoft Rapid Assured Microelectronics Prototypes (RAMP) Phase II initiative, focusing on secure microelectronics for defense applications. This program, facilitated by the Department of Defense, aims to integrate Cadence's digital and verification flows into Microsoft Azure, enhancing chip design and verification processes in 5G and AI sectors. Cadence's solutions will support mission-critical aerospace projects, promoting the rapid development of secure silicon devices, essential for modern military technology.

Cadence Design Systems collaborates with GlobalFoundries to enhance silicon photonics development for diverse applications like 5G, healthcare, automotive, and aerospace. Their integrated Cadence photonics solution is optimized for the GF Fotonix platform, combining photonics and RF-CMOS on a single chip. This collaboration aims to streamline design processes, enabling rapid product development while significantly improving performance and reducing costs. The comprehensive solution includes the Virtuoso IC Design Platform and Voltus-Fi, facilitating electronic and photonic design efficiency.

Cadence Design Systems, Inc. (Nasdaq: CDNS) will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 8, 2022. CEO Anirudh Devgan and CFO John Wall will present at 4:10 p.m. PST, with a webcast available for live viewing. The presentation will be archived for replay until 5:00 p.m. PDT on April 1, 2022. Cadence is recognized for its leadership in electronic systems design and has been named one of Fortune's 100 Best Companies to Work For for seven consecutive years.

Cadence Design Systems has won the TSMC Open Innovation Platform® Ecosystem Forum Customers’ Choice award for its paper on the Integrity 3D-IC Platform, showcasing its top ranking among attendees. This platform provides a unified solution for 3D-IC design, enabling efficient chiplet performance through advanced thermal and timing analyses. Designed to facilitate quicker design cycles and superior product outcomes, it supports areas like hyperscale computing and automotive applications. Cadence emphasized its collaboration with TSMC to enhance design capabilities across industries.

Cadence Design Systems (Nasdaq: CDNS) will feature John Wall, CFO, and Nimish Modi, SVP of Marketing, in a virtual fireside chat at the Berenberg Thematic Software Conference on March 1, 2022. The event starts at 11:00 a.m. EST and will be available via webcast. A replay will be accessible from March 2 at 9:00 a.m. until April 1 at 5:00 p.m. PDT on Cadence’s investor relations page. Cadence, a leader in electronic systems design, is recognized for its Intelligent System Design strategy and has been named one of the 100 Best Companies to Work For by Fortune.

Cadence Design Systems reported a strong financial performance for 2021, with revenue reaching $2.988 billion, up from $2.683 billion in 2020. Net income rose to $696 million ($2.50 per share), compared to $591 million ($2.11 per share) in the previous year. The fourth quarter revenue was $773 million, slightly increasing from $760 million year-over-year. The company expects first-quarter 2022 revenue between $850 million to $870 million, and 2022 revenue to range from $3.32 billion to $3.38 billion, reflecting steady growth and operational improvements.