Cadence Design System Inc Stock Price, News & Analysis

Cadence Design Systems (NASDAQ: CDNS) has acquired Pointwise, a leader in mesh generation for computational fluid dynamics (CFD). This acquisition enhances Cadence's Intelligent System Design strategy by broadening its CFD capabilities alongside the recent NUMECA acquisition. Pointwise’s robust mesh generation technology addresses the aerospace industry's need for high-fidelity simulations, contributing to accurate CFD results. The financial details of the transaction remain undisclosed, but it is expected to have an immaterial impact on revenue and earnings this year.

Cadence Design Systems (NASDAQ: CDNS) will host its first quarter financial results webcast on April 26, 2021, at 2:00 p.m. Pacific Time, featuring CEO Lip-Bu Tan, President Anirudh Devgan, and CFO John Wall. The recording will be accessible online from 5:00 p.m. Pacific Time on April 26 until 5:00 p.m. Pacific Time on June 18, 2021. Cadence is a leader in electronic design, with over 30 years of expertise in computational software, serving dynamic markets including consumer electronics, 5G, automotive, and healthcare.

Cadence Design Systems (Nasdaq: CDNS) announced the optimization of its Cadence digital 20.1 full flow for Samsung Foundry's advanced-process technologies down to 4nm. This collaboration is aimed at enhancing power, performance, and area (PPA) for hyperscale computing applications. The new flow features advanced technologies, including iSpatial for seamless synthesis, machine learning capabilities, and enhanced design processes, thereby improving designer productivity and silicon performance. Cadence's RTL-to-GDS flow supports efficient SoC design, aligning with the growing demand for HPC capacity.

Cadence Design Systems (Nasdaq: CDNS) launched the Palladium Z2 and Protium X2 systems, enhancing capabilities for handling complex system designs. These next-gen platforms offer 2X capacity and 1.5X performance improvements, enabling faster pre-silicon hardware debug and software validation for multi-billion-gate SoC designs. The Palladium Z2 can compile 10 billion gates in under 10 hours, while the Protium X2 does it in less than 24 hours. Both systems are expected to significantly optimize design workflows, with general availability slated for Q2 2021.

Cadence Design Systems (Nasdaq: CDNS) has successfully collaborated with GLOBALFOUNDRIES (GF) to tape out a Cadence Tensilica test chip on the GF 22FDX platform. This design utilized Cadence's digital full flow and Adaptive Body Bias (ABB) IP, achieving ultra-low power and voltage results. The Tensilica HiFi 5 and Fusion F1 DSPs are tailored for high-growth markets like IoT and voice processing. The full flow enhances signoff convergence, power, performance, and area metrics, catering to designers in portable device markets. Key benefits include reduced project times and energy efficiency.

GLOBALFOUNDRIES (GF) and Cadence Design Systems (CDNS) have announced a collaboration to enhance design for manufacturing (DFM) capabilities with machine learning (ML) in Cadence's Litho Physical Analyzer. This tool, optimized for GF's 12LP and 12LP+ solutions, offers automated DFM hotspot detection and has shown up to 33% greater detection efficiency compared to traditional methods. The ML-enhanced DFM kit for the 12LP PDK is now available, with the 12LP+ version expected in Q2 2021, allowing quick design and production for markets like AI and IoT.

Cadence Design Systems (Nasdaq: CDNS) has launched the next-generation Cadence Sigrity X solutions for signal and power integrity, featuring new simulation engines and a distributed architecture that enhances performance by up to 10X. The tool aims to address scalability challenges in 5G, automotive, and aerospace industries. Sigrity X is integrated with Allegro PCB Designer and supports comprehensive system-level analysis workflows. Industry leaders from MediaTek, Renesas, and Samsung Electronics commend the release for significantly reducing simulation times while maintaining accuracy.

Cadence Design Systems (Nasdaq: CDNS) has been awarded the TSMC Open Innovation Platform® Ecosystem Forum Customers’ Choice award for its paper titled “Optimized Digital Design, Implementation and Signoff on TSMC’s N3.” The award was determined by conference attendees during the TSMC 2020 North America OIP Ecosystem Forum. The paper discusses advancements in design techniques for TSMC’s N3 process technology, showcasing Cadence’s digital flow enhancements including EUV layer support and new signoff DRC tools. This recognition underscores Cadence's commitment to collaboration with TSMC.

Cadence Design Systems (Nasdaq: CDNS) announces that Nimish Modi, Senior Vice President of Marketing & Business Development, will participate in a virtual fireside chat at the Berenberg Thematic Software Days Conference. The event is scheduled for March 11, 2021, at 1:00 p.m. EST and will be accessible via webcast. A recording will be available for replay on the Cadence website until April 2, 2021. Cadence, a leader in electronic design, has been recognized as one of the 100 Best Companies to Work For by Fortune Magazine for six consecutive years.