Cadence Design System Inc Stock Price, News & Analysis

Cadence Design Systems, Inc. (NASDAQ: CDNS) has partnered with Samsung Foundry to introduce Mixed-Signal OpenAccess-ready process design kit (PDK) technology files. This innovation supports various Samsung process technologies, enhancing the speed and productivity of mixed-signal designs in sectors such as data centers, 5G, and automotive applications. Key features include advanced floorplanning, power routing capabilities, and improved static timing analysis, enabling more efficient chip designs. This collaboration aims to accelerate market readiness and optimize design processes for mutual customers.

Cadence Design Systems (CDNS) executives Anirudh Devgan and John Wall will participate in a virtual fireside chat at the D.A. Davidson Software & Internet Conference on September 9, 2021. This event will be accessible live via webcast at 11:00 a.m. EDT and will remain available for replay on the Cadence website until 5:00 p.m. PDT on September 17, 2021. Cadence, a leader in electronic design for over 30 years, focuses on turning innovative design concepts into reality through its Intelligent System Design strategy.

Cadence Design Systems (Nasdaq: CDNS) announced the deployment of its Palladium Enterprise Emulation Platform by Picocom, aimed at enhancing the verification and validation of 5G SoC designs. Picocom reported a significant 1000X emulation speedup compared to RTL simulation, allowing them to advance system software on RISC-V cores before silicon availability. Utilizing Cadence’s power analysis and interface testing tools, Picocom effectively managed power budgets while enabling remote collaboration for engineers. The Palladium platform is pivotal for accelerating product development amid competitive demands in the 5G sector.

Cadence Design Systems (Nasdaq: CDNS) executives Anirudh Devgan and John Wall will engage in a virtual fireside chat at the KeyBanc Technology Leadership Forum on August 9, 2021. The event is scheduled for 9:00 a.m. PDT and will be streamed live via webcast. A replay of the presentation will be accessible on Cadence's website until September 17, 2021. Cadence, a leader in electronic design with over 30 years of expertise, continues to innovate in various sectors, including automotive, aerospace, and healthcare.

Cadence Design Systems (CDNS) reported strong financial results for Q2 2021, achieving revenue of $728 million, up from $638 million in Q2 2020. GAAP net income was $156 million or $0.56 per diluted share, compared to $131 million or $0.47 per share last year. Non-GAAP net income reached $238 million or $0.86 per share.

For Q3 2021, revenue is projected between $730 million to $750 million, with adjusted net income expected to be between $0.74 and $0.76 per share. The company raised its 2021 revenue outlook to $2.925 billion to $2.965 billion.

Cadence Design Systems (Nasdaq: CDNS) announces a leadership transition as CEO Lip-Bu Tan becomes executive chairman on December 15, 2021. Anirudh Devgan, currently president, will take over as CEO. Tan, who led the company since 2009, oversaw significant growth, with revenue increasing from under $1 billion to nearly $3 billion. Devgan, who joined Cadence in 2012, has driven strategic initiatives, notably expanding the total addressable market to $30 billion. The board expresses confidence in the new leadership as Cadence continues to focus on innovation and customer success.

Cadence Design Systems (Nasdaq: CDNS) has launched the Cerebrus™ Intelligent Chip Explorer, a machine learning-based tool that automates digital chip design. This innovation promises to enhance engineering productivity by up to 10X and improve power, performance, and area (PPA) by 20%. The cloud-enabled Cerebrus integrates with Cadence’s digital product portfolio to provide scalable design solutions across various markets, including 5G and automotive. Customer feedback highlights significant productivity gains and reductions in power usage, demonstrating the tool’s industry impact.

Cadence Design Systems (Nasdaq: CDNS) and United Microelectronics Corporation (NYSE: UMC) have announced that the Cadence digital full flow is now optimized and certified for UMC's 22ULP/ULL process technologies. This collaboration aims to accelerate design for consumer, 5G, and automotive applications. The certified flow includes leading tools like Innovus Implementation System and Genus Synthesis Solution, enabling faster tapeout and improved design quality. Both companies emphasize that this partnership enhances their customers' ability to meet stringent design requirements promptly.