CDNS

Cadence Announces First Quarter 2024 Financial Results Webcast

Retrieved on: 
Friday, April 5, 2024
Electronic Design Automation, Engineering, Semiconductor, Technology, Manufacturing, Software, Hardware, Cadence Design Systems, CDNS, Webcast

Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its first quarter 2024 financial results webcast on Monday, April 22, 2024.

Key Points: 
  • Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its first quarter 2024 financial results webcast on Monday, April 22, 2024.
  • Participating in the webcast will be Dr. Anirudh Devgan, president and chief executive officer, and John Wall, senior vice president and chief financial officer.
  • The webcast will begin Monday, April 22, 2024 at 2:00 p.m. Pacific Time.
  • An archive of the webcast will be available online from 5:00 p.m. Pacific Time on April 22, 2024 until 5:00 p.m. Pacific Time on Friday, June 14, 2024 at cadence.com/cadence/investor_relations .

Cadence Named by Fortune and Great Place to Work as One of 2024’s 100 Best Companies to Work For, Ranking No. 9

Retrieved on: 
Thursday, April 4, 2024
Software, Technology, Hardware, Electronic Design Automation, HR, Culture, Organization, CDNS, Cadence Design Systems, Trust, Workplace, Multimedia

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that Fortune and Great Place To Work® named the company to the Fortune 100 Best Companies to Work For® List.

Key Points: 
  • Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that Fortune and Great Place To Work® named the company to the Fortune 100 Best Companies to Work For® List.
  • View the full release here: https://www.businesswire.com/news/home/20240404403279/en/
    Dr. Anirudh Devgan, president and CEO of Cadence, said, “Today, Cadence reached an important milestone.
  • Great Place To Work evaluates confidential feedback from employees, matching against HR data from participating companies.
  • Cadence was also recognized as a World’s Best Workplace and regionally as a Best Workplace in Asia and a Best Workplace in Europe.

Cadence and NVIDIA Unveil Groundbreaking Generative AI and Accelerated Compute-Driven Innovations

Retrieved on: 
Monday, March 18, 2024
Software, Mobile, Wireless, Hardware, Pharmaceutical, Electronic Design Automation, Data Management, Consumer Electronics, Technology, Artificial Intelligence, Environment, Semiconductor, Health Technology, Health, GPU, Digital, Acceleration, Drug discovery, Partnership, EDA, Society, HPC, CDNS, AI, Cadence Design Systems, Orion, Behavior, Therapy, NVIDIA, PPA, Nvidia Omniverse, Peptide, Video game

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced an expansion of its multi-year collaboration with NVIDIA across EDA, system design and analysis, digital biology and AI with the unveiling of two transformative solutions to reinvent design using accelerated computing and generative AI.

Key Points: 
  • Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced an expansion of its multi-year collaboration with NVIDIA across EDA, system design and analysis, digital biology and AI with the unveiling of two transformative solutions to reinvent design using accelerated computing and generative AI.
  • Second, the companies are collaborating on generative AI to dramatically accelerate approaches to drug discovery.
  • Cadence’s cloud-native molecular design platform Orion® will now be supercharged with NVIDIA’s generative AI tool, NVIDIA BioNeMo™ , and NVIDIA microservices for drug discovery to broaden therapeutic design capabilities and shorten time to trusted results.
  • Together, NVIDIA and Cadence are leading the AI revolution.”
    “Digital twins will transform manufacturing, drug discovery and countless other industries,” said Jensen Huang, founder and CEO of NVIDIA.

Revolutionary Cadence Reality Digital Twin Platform to Transform Data Center Design for the AI Era

Retrieved on: 
Monday, March 18, 2024
Technology, Semiconductor, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Artificial Intelligence, NV5, Electricity, International Energy Agency, Temperature, Pressure, GPU, Face, Growth, Environment, Risk, Climate, HPC, CDNS, AI, Wind, Carbon, Vertiv, Cadence Design Systems, IEA, NVIDIA, 24/7 service, Video game

The revolutionary Cadence® Reality™ Digital Twin Platform virtualizes the entire data center and uses AI, high-performance computing (HPC) and physics-based simulation to significantly improve data center energy efficiency by up to 30%.

Key Points: 
  • The revolutionary Cadence® Reality™ Digital Twin Platform virtualizes the entire data center and uses AI, high-performance computing (HPC) and physics-based simulation to significantly improve data center energy efficiency by up to 30%.
  • Key benefits of the Cadence Reality Digital Twin Platform include:
    Advanced Modeling Capabilities: Simulates a vast range of design scenarios and operational strategies to identify the most energy-efficient solutions unique to each data center.
  • It’s exciting to create a digital twin using the Cadence Reality Digital Twin Platform to plan the deployment of current workloads and future-proof the investment.
  • Leveraging the innovative data center design and operations platform from our strategic technology partner, Cadence, will provide visibility of how our data center critical infrastructure can best support these leading-edge deployments.

Cadence Collaborates with Arm to Jumpstart the Automotive Chiplet Ecosystem

Retrieved on: 
Wednesday, March 13, 2024
Automotive Manufacturing, Automotive, Technology, Manufacturing, Semiconductor, Vehicle Technology, Software, Artificial Intelligence, Engineering, Hardware, Electronic Design Automation, SOC, DSP, Prevalence, Chiplet, Electronics, ADAS, Blog, CDNS, 3D, AI, SDV, Cadence Design Systems, Architecture, Scalability, IP, NPU, Ecosystem, Workload, Machine learning, SDK, Silicon

The automotive reference design, initially for advanced driver assistance system (ADAS) applications, specifies a scalable chiplet architecture and interface interoperability to foster industry-wide collaboration, enable heterogeneous integration and expand system innovation.

Key Points: 
  • The automotive reference design, initially for advanced driver assistance system (ADAS) applications, specifies a scalable chiplet architecture and interface interoperability to foster industry-wide collaboration, enable heterogeneous integration and expand system innovation.
  • The solution is architected and built using the latest generation of Arm® Automotive Enhanced technologies and Cadence® IP.
  • Coupled with the need to quickly customize 3D-IC systems for a plethora of automotive applications, chiplets are an increasingly attractive solution.
  • The new solution architecture and reference design provide a standard for chiplet interface interoperability, addressing a critical industry need.

Cadence to Acquire BETA CAE, Expanding into Structural Analysis

Retrieved on: 
Tuesday, March 5, 2024
Technology, Engineering, Other Technology, Automotive Manufacturing, Aerospace, Manufacturing, Software, Electronic Design Automation, Artificial Intelligence, CDNS, ANSA, Acquisition, General Motors, International, Name, CAE, CFD, EM, Cadence Design Systems, BETA, Share repurchase, Growth, Electronics, TAM, Stellantis, Car, Lockheed Martin, Volvo

The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.

Key Points: 
  • The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.
  • Over the past few years, Cadence has expanded its system analysis portfolio to build out a comprehensive multiphysics platform including electromagnetics (EM), electrothermal (ET) and computational fluid dynamics (CFD) solutions, and with BETA CAE, Cadence will enter structural analysis, the largest system analysis segment.
  • Additionally, BETA CAE’s EPILYSIS and FATIQ solvers enable customers to efficiently solve structural analysis and optimization problems.
  • BETA CAE has annual revenue of about $90 million, and Cadence expects BETA CAE to contribute approximately $40 million to 2024 revenue.

Cadence’s Anirudh Devgan to Present at Morgan Stanley Conference

Retrieved on: 
Wednesday, February 28, 2024
Software, Technology, Electronic Design Automation, Semiconductor, CDNS, Devgan, Conference, Webcast, Cadence Design Systems, PST

Anirudh Devgan, president and chief executive officer, Cadence Design Systems, Inc. (Nasdaq: CDNS).

Key Points: 
  • Anirudh Devgan, president and chief executive officer, Cadence Design Systems, Inc. (Nasdaq: CDNS).
  • Devgan will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on Wednesday, March 6, 2024.
  • The talk will be available live by webcast at 3:35 p.m. PST on Wednesday, March 6, 2024.
  • The presentation will be archived on the Cadence website and will be available for replay for 180 days after the event.

Cadence Expands Tensilica Vision Family with Radar Accelerator and New DSPs Optimized for Automotive Applications

Retrieved on: 
Wednesday, February 28, 2024
Semiconductor, Vehicle Technology, Technology, Automotive, Artificial Intelligence, Cloud, CDNS, Halide, MAC, Robotics, Algorithm, Multimedia, Socs, AI, Cadence Design Systems, ADAS, Language, Silicon, TIE, PCL, Vision, NMS, Prevalence, Safety, Point Cloud Library, OpenCL, SDK, Ecosystem, Acceleration, SOC, DSP, DSPS, Graphics processing unit, Central processing unit, Telescopic sight

The new high-performance Cadence® Tensilica® Vision 331 DSP and Vision 341 DSP combine vision, radar, lidar and AI processing in a single DSP for multi-modal, sensor-based system designs, delivering the best energy efficiency in the smallest area.

Key Points: 
  • The new high-performance Cadence® Tensilica® Vision 331 DSP and Vision 341 DSP combine vision, radar, lidar and AI processing in a single DSP for multi-modal, sensor-based system designs, delivering the best energy efficiency in the smallest area.
  • When paired with the new Cadence Tensilica Vision 4DR Accelerator optimized for 4D imaging radar applications, customers can achieve even greater radar performance and higher energy efficiency.
  • View the full release here: https://www.businesswire.com/news/home/20240228430265/en/
    Cadence expanded its Tensilica IP portfolio with two new Vision DSPs and a radar accelerator to address automotive sensor fusion applications.
  • We continue to use Cadence Tensilica Vision DSPs in our products and welcome the new DSPs that can accommodate both cameras and radar.

Intel and Cadence Expand Partnership to Enable Best-in-Class SoC Design on Intel’s Advanced Processes

Retrieved on: 
Tuesday, February 20, 2024
Software, Hardware, Electronic Design Automation, Artificial Intelligence, Engineering, Technology, Semiconductor, Manufacturing, IDM, CDNS, HPC, Intel, Cadence, Multimedia, Socs, AI, Silicon, Cadence Design Systems, Multigate device, Ecosystem, IP, SOC, PCI Express, Partnership

Joint customers will be able to accelerate their SoC project schedules on process nodes from Intel 18A and beyond while optimizing for performance, power, area, bandwidth and latency for demanding AI, HPC and premium mobile applications.

Key Points: 
  • Joint customers will be able to accelerate their SoC project schedules on process nodes from Intel 18A and beyond while optimizing for performance, power, area, bandwidth and latency for demanding AI, HPC and premium mobile applications.
  • View the full release here: https://www.businesswire.com/news/home/20240220958189/en/
    “We furthered our partnership with Intel Foundry Services through a significant strategic multiyear agreement to provide design software and leading IP at multiple Intel advanced nodes, thereby advancing Intel’s IDM 2.0 strategy and accelerating mutual customer success,” said Anirudh Devgan, president and chief executive officer at Cadence.
  • “We’re very excited to expand our partnership with Cadence to grow the IP ecosystem for IFS and provide choice for customers,” said Stuart Pann, Intel senior vice president and general manager of IFS.
  • It builds on Intel’s engagement with other industry-leading IP providers as it continues to grow the IP ecosystem for IFS customers.

Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Monday, February 12, 2024
Electronic Design Automation, Data Management, Semiconductor, Technology, Software, Artificial Intelligence, Hardware, CDNS, HPC, Intel, AI, Cadence Design Systems, Intelligent system, Growth, GAAP, Webcast, Arm, NVIDIA, Bank

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023.

Key Points: 
  • Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023.
  • “I'm thrilled about the opportunities ahead of us, particularly in AI and 3D-IC.
  • “I’m pleased with our record year-end backlog of $6.0 billion and cRPO of $3.2 billion, and I look forward to building on that strength in 2024.”
    Commentary on the fourth quarter and fiscal year 2023 financial results by John Wall, senior vice president and chief financial officer, is available at www.cadence.com/cadence/investor_relations .
  • For the first quarter of 2024, the company expects:
    The company utilizes a long-term projected non-GAAP tax rate, which reflects currently available information, as well as other factors and assumptions.