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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.
Track earnings reports, product launches, and strategic partnerships shaping the EDA landscape. Our curated collection ensures timely access to developments impacting semiconductor design innovation across automotive, AI hardware, and IoT sectors.
Discover how Cadence's tools in digital verification, custom IP blocks, and system-level integration address evolving industry challenges. Bookmark this page for streamlined monitoring of operational milestones and technology advancements directly from the source.
AST SpaceMobile and Cadence Design Systems announced their collaboration to develop the AST5000 ASIC, a custom chip designed for space-based cellular broadband network accessible by everyday smartphones. The chip enables up to a tenfold improvement in satellite processing bandwidth and is a key component of AST SpaceMobile's BlueBird program. Using Cadence's tools, IP, and Palladium Emulation Platform, the AST5000 ASIC is designed to support up to 10,000 MHz of processing bandwidth per satellite with data speeds up to 120 Mbps, enabling voice calls, data, and video applications through space-based cellular broadband.
Cadence Design Systems (Nasdaq: CDNS) has announced that President and CEO Anirudh Devgan will participate in a fireside chat at the Nasdaq 51st Investor Conference, hosted in collaboration with Morgan Stanley. The event is scheduled for December 10, 2024, at 9:00 a.m. GMT.
The presentation will be accessible via live webcast on the company's website at cadence.com/cadence/investor_relations and will remain available for replay for 180 days following the event.
Cadence Design Systems is transforming hearing aid technology through advanced DSP solutions. The company's Tensilica HiFi and Fusion F1 DSP family offers low-power, high-performance solutions for modern hearing aids, addressing key challenges in the industry. With over 5% of the global population requiring hearing rehabilitation, Cadence's technology focuses on improving signal processing, noise reduction, and incorporating AI capabilities. The company has collaborated with GlobalFoundries, Hoerzentrum Oldenburg, and Leibniz University Hannover to develop SmartHeAP, the industry's first binaural hearing aid system-on-chip prototype.
Cadence Design Systems (CDNS) has been ranked #9 on Fortune Magazine and Great Place To Work's World's Best Workplaces 2024 list. This marks the ninth time Cadence has appeared among the 25 global leaders selected from thousands of organizations, representing 20 million employees worldwide.
The company stood out for creating exceptional employee experiences and fair workplaces, with 93% of employees expressing pride in working at Cadence and 90% feeling they make a difference. Employees work on transformative technologies including AI, 5G, autonomous driving, and life sciences.
In 2024, Cadence also received Best Workplace recognitions in multiple countries including Brazil, Canada, China, France, Germany, India, and others, while ranking #9 on Fortune's 100 Best Companies to Work For in the United States.
Cadence Design Systems (CDNS) has been ranked #9 on Fortune Magazine and Great Place To Work's World's Best Workplaces™ 2024 list. This marks the ninth time Cadence has appeared on this prestigious list, which recognizes only 25 global leaders from thousands of organizations representing 20 million employees worldwide.
The company stood out for creating exceptional employee experiences and maintaining high-trust relationships. With 93% of employees expressing pride in working at Cadence and 90% feeling they make a difference, the company excels in fostering an inclusive culture. Employees work on transformative technologies including AI, 5G, and autonomous driving while collaborating with leading tech companies.
In 2024, Cadence also achieved Great Place To Work recognition in 13 countries and ranked #9 on Fortune's 100 Best Companies to Work For list in the United States.
Cadence Design Systems hosted its inaugural Fem.AI Summit on October 1, 2024, focusing on addressing gender disparity in high tech and AI. The summit, launched by the Cadence Giving Foundation, featured prominent speakers including Dr. Chelsea Clinton, Dr. Joy Buolamwini, and Reshma Saujani. CEO Anirudh Devgan emphasized women's important role in AI's future. The event brought together innovators, educators, business leaders, and investors to create an ecosystem supporting women's participation in the AI revolution. The initiative has gained support from companies like Equinix Foundation, NetApp, NVIDIA, Unity Technologies, and Workday through the Fem.AI Alliance.
Cadence Design Systems (CDNS) reported strong Q3 2024 results with revenue of $1.215 billion, up 19% year-over-year. The company achieved a non-GAAP operating margin of 45% and non-GAAP EPS of $1.64. Quarter-end backlog reached $5.6 billion, with current remaining performance obligations of $2.9 billion. Notable growth areas included System Design & Analysis (47% YoY), IP business (59% YoY), and Functional Verification (22% YoY). The company raised its 2024 non-GAAP EPS outlook midpoint to $5.90 and expects full-year revenue between $4.61-4.65 billion.
Cadence Design Systems recently held a Latinx Mercado Fiesta, celebrating Hispanic heritage and culture within the company. The event featured vendors selling traditional items, including childhood candies and culturally significant clothing. A notable item was a sweater with the phrase 'Vaquera Ingeniera' (cowgirl engineer), symbolizing the blend of Mexican culture and professional identity.
The fiesta included Aztec dance performances and empanadas, creating a space for cultural exchange and connection among employees. This event, organized by Cadencia, the Latinx Inclusion group at Cadence, highlights the company's commitment to diversity and inclusion in the tech industry. It also emphasizes the importance of cultural representation and the celebration of diverse traditions in the workplace.
Cadence Design Systems (Nasdaq: CDNS) has announced the formation of the Fem.AI Alliance, a group dedicated to increasing women's representation and leadership in the tech industry. Founding members include Equinix Foundation, NetApp, NVIDIA, and Workday. The alliance aims to evolve the future workforce and drive change towards a more representative tech and AI workforce.
The Cadence Giving Foundation is committing $20 million to address critical points where women decide not to pursue STEM careers. The initiative has already impacted thousands of women through partnerships with nonprofits and universities. The inaugural Fem.AI Summit, hosted on October 1 (International Women in AI Day), brought together industry leaders to discuss challenges women face in AI and inspire change.
TEACH-NW students are preparing to establish a live connection with the International Space Station (ISS) on October 18, 2024. Led by 13-year-old Ezekiel Wheeler, the students built a custom radio antenna as part of NASA's ARISS program. The project, selected by NASA, involves collaboration with the Carlton Observatory at the Evergreen Air and Space Museum and support from Cadence Design Systems.
The students will communicate with Astronaut Sunita Williams during a ten-minute live amateur radio call. The event will be hosted at the Carlton Observatory and live-streamed online. This initiative showcases the power of STEM education and community collaboration in inspiring young innovators and problem-solvers.
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