Cadence Design System Inc Stock Price, News & Analysis

Cadence Design Systems (Nasdaq: CDNS) announced that JVCKENWOOD has adopted its Spectre FX Simulator and various design solutions to enhance IC development for consumer electronics. JVCKENWOOD switched from its previous EDA vendor to leverage Cadence's advanced tools, including the Virtuoso platform and Xcelium Logic Simulation. The collaboration aims to reduce time-to-market by 40% in certain product categories, improve simulation accuracy, and facilitate seamless integration across design processes. This strategic partnership reflects Cadence’s commitment to delivering innovative solutions for evolving market demands.

Cadence Design Systems, Inc. (Nasdaq: CDNS) has launched the Cadence® Spectre® FX Simulator, a cutting-edge FastSPICE circuit simulator designed for efficient verification of memory and large-scale system-on-chip (SoC) designs. This simulator boasts up to 3X performance improvement over competitors while maintaining or exceeding accuracy. Key features include scalability up to 32 cores, a user-friendly model, seamless integration with existing tools, and extensive verification capabilities. The simulator is expected to streamline SoC design verification, addressing the industry's increasing demand for speed and precision.

Cadence Design Systems (Nasdaq: CDNS) will have CEO Lip-Bu Tan participate in a virtual fireside chat at the J.P. Morgan Global Technology, Media, and Communications Conference on May 25, 2021. The event is scheduled for 2:55 p.m. EDT and will be available for live streaming. After the event, the presentation will be archived on the Cadence website and accessible for replay until July 2, 2021, at 5:00 p.m. PDT. Cadence is recognized for its innovation in electronic design and has been named one of Fortune's 100 Best Companies to Work For for seven consecutive years.

Cadence Design Systems (Nasdaq: CDNS) announced that Global Unichip Corporation (GUC) has deployed the Cadence Clarity 3D Solver, achieving a 5X boost in simulation performance for a complex network switch with numerous 112G PAM4 long-reach lanes. The solver's efficiency eliminates the need for design partitioning, enhancing result accuracy. GUC utilized a complete Cadence solution, including the Allegro Package Designer Plus, accelerating design turnaround and optimizing performance while minimizing costs. The collaboration highlights Cadence's role in hyperscale computing applications.

Cadence Design Systems (Nasdaq: CDNS) is expanding its collaboration with Arm to enhance hyperscale computing and 5G SoC development using Cadence tools alongside Arm's Neoverse V1 and N2 platforms. This initiative follows successful implementations with the Neoverse N1 platform, utilizing Cadence's digital and verification flows optimized for advanced 5nm and 7nm technologies. Customers will benefit from Rapid Adoption Kits (RAKs) aimed at improving power, performance, and area (PPA) efficiency, as well as a comprehensive verification flow that ensures high throughput for Arm Neoverse-based SoCs.

Cadence Design Systems (Nasdaq: CDNS) reported first quarter 2021 revenue of $736 million, up from $618 million a year ago. The company achieved a GAAP operating margin of 28% and net income of $187 million, or $0.67 per share, compared to $124 million and $0.44 per share in Q1 2020. Non-GAAP metrics show an operating margin of 38% and net income of $231 million, or $0.83 per share. Cadence raised its 2021 revenue outlook to between $2.88 billion and $2.93 billion, with guided net income per share projected at $2.99 to $3.07.

Cadence Design Systems (Nasdaq: CDNS) has launched two new DSP IP cores: the Tensilica Vision Q8 and Vision P1, enhancing its DSP product family for embedded vision and AI. The Vision Q8 delivers an impressive 3.8 TOPS, doubling performance and memory bandwidth over its predecessor, while the Vision P1 is optimized for low-power, always-on smart sensor applications. Both DSPs support various programming models and certifications, catering to automotive and consumer markets. The Vision Q8 is available now, with the Vision P1 set for release in Q2 2021.

Cadence Design Systems (Nasdaq: CDNS) announced that its Pegasus Verification System has been certified for Samsung Foundry’s 5nm and 7nm process technologies. This collaboration enhances the physical verification flow, enabling customers to achieve signoff accuracy in mobile and hyperscale markets. The system offers massive scalability for faster turnaround times, integrated design-for-manufacturing capabilities, and seamless interaction with the Cadence Virtuoso Layout Suite. This certification aligns with Cadence's Intelligent System Design strategy, aimed at improving design productivity and predictability.