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 has entered a multi-year partnership with the McLaren Formula 1 Team, becoming an Official Technology Partner. This partnership grants McLaren access to Cadence's Fidelity CFD Software, enhancing their aerodynamic design capabilities. The software's innovations promise to expedite design processes and improve reliability. The collaboration is set to debut during the Monaco Grand Prix with intentions to boost McLaren's on-track performance.
Cadence Design Systems (Nasdaq: CDNS) has achieved certification for its digital full flow on GlobalFoundries' (GF) 12LP/12LP+ process platforms. This certification ensures that Cadence's tools meet GF's accuracy and quality criteria, allowing customers to enhance designs for aerospace, AI, and consumer applications efficiently.
By utilizing Cadence's certified tools, users can accelerate their design cycles and confidently meet Power, Performance, and Area (PPA) targets. The certification also strengthens Cadence's Intelligent System Design strategy, promoting a faster path to design closure.
Cadence Design Systems (Nasdaq: CDNS) will host a virtual fireside chat with CFO John Wall and VP of Investor Relations Richard Gu at the Needham Technology and Media Conference on May 16, 2022. The presentation is scheduled for 12:45 p.m. EDT and will be available via webcast on the Cadence website. An archived replay will start at 5:00 p.m. PDT the same day, lasting until June 17, 2022. Cadence is recognized for its expertise in electronic systems design, serving leading companies across various dynamic market sectors.
Cadence Design Systems (CDNS) reported Q1 2022 revenue of $902 million, up from $736 million in Q1 2021. GAAP net income reached $235 million or $0.85 per diluted share, compared to $187 million or $0.67 per diluted share the previous year. On a non-GAAP basis, net income was $324 million or $1.17 per diluted share. The company raised its annual revenue guidance to $3.395 billion to $3.435 billion for 2022. For Q2 2022, revenue is expected between $825 million and $845 million.
Cadence Design Systems (CDNS) has launched the Fidelity CFD Software, a next-generation computational fluid dynamics (CFD) suite that enhances performance and turnaround time for various industries including aerospace and automotive. This software boasts a new flow solver that delivers up to 10X accuracy compared to standard solvers and reduces project turnaround from weeks to a day. Additionally, it achieves a 3X speedup in meshing processes using technologies from NUMECA and Pointwise, promising to streamline workflows for engineers.
Cadence Design Systems has launched the High-Speed Ethernet Controller IP family, supporting Ethernet subsystem solutions up to 800G. This new offering is tailored for cloud, AI/ML, and 5G applications, optimizing power, performance, and area (PPA). It includes comprehensive support for single and multi-channel Ethernet applications and complies with IEEE 802.3 standards. The product is silicon-proven in various customer applications and aims to meet the growing bandwidth demands across industries. Cadence now enhances its Ethernet IP portfolio with integrated PHY and controller solutions.
Cadence Design Systems (CDNS) will host its Q1 2022 financial results webcast on April 25, 2022 at 2:00 p.m. PT. The event will feature insights from CEO Dr. Anirudh Devgan and CFO John Wall. An archive of the webcast will be available online post-event until June 17, 2022. Cadence is recognized for its expertise in electronic systems design and has been listed among the 100 Best Companies to Work For by Fortune for seven consecutive years.
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.
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