Cadence Design Systems: Difference between revisions

Revision as of 21:23, 27 January 2025

Revision as of 19:27, 2 February 2025

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In 2007, Cadence announced it would be introducing a new chip-making process that laid wires diagonally as well as horizontally and vertically, arguing it would make its designs more efficient. In June 2007, Cadence had a market value of around $6.4 billion. That year, Cadence was rumored to be in talks with [[Kohlberg Kravis Roberts]] and [[Blackstone Group]] regarding a possible sale of the company.<ref name="OriginalRef_Sorkin_nytim.com">[https://www.nytimes.com/2007/06/04/technology/04chip.html Specialized Software Maker Is Said to Be in Buyout Talks], Andrew Ross Sorkin and Michael J. de la Merced, ''The New York Times'', Published: June 4, 2007</ref> Cadence withdrew a $1.6 billion offer to purchase Mentor Graphics in 2008.<ref>{{cite web|url=http://www.cadence.com/cadence/newsroom/press_releases/Pages/pr.aspx?xml=081508_announcement|title=Cadence Withdraws Proposal to Acquire Mentor Graphics}}</ref> Also that year, Cadence's board appointed [[Lip-Bu Tan]] as acting CEO, after the resignation of Mike Fister; Tan had served on the Cadence board of directors since 2004.<ref>IConnect007 [http://design.iconnect007.com/index.php/article/30109/cadence-ceo-mike-fister-resigns/30112/?skin=design Cadence CEO Mike Fister Resigns] Retrieved October 15, 2008</ref> In January 2009, the board of directors of Cadence voted unanimously to confirm Lip-Bu Tan as president and CEO.<ref>EETimes [https://www.eetimes.com/lip-bu-tan-named-cadence-ceo/ Lip-Bu Tan named Cadence CEO] Retrieved January 8, 2009</ref> In 2011, it purchased [[Altos Design Automation]].<ref name="OriginalRef_eetimesstaff3_eetimes.com"/> Subsequent notable acquisitions included [[Cosmic Circuits]]<ref name="OriginalRef_eenewseuropestaff1_eenewseurope.com"/> and [[Tensilica]] in 2013,<ref name="OriginalRef_staff4_eetimes.com"/> [[Forte Design Systems]] in 2014,<ref name="OriginalRef_New_newelectronics.co"/> and the [[AWR Corporation]] in 2019.<ref name="OriginalRef_Staff_bizjournals.com"/>

===2020–20242020–2025===

Cadence had 9,300 employees and annual revenue of $3 billion in 2021.<ref name="OriginalRef_VItu_santafenewmexican.com"/> Most of its revenue came from licensing its software and intellectual property.<ref>{{Citation |year=July 22, 2022 |title=Big tech firm Cadence expands to drug simulation software through $500M deal |publisher=MedCity News |url=https://medcitynews.com/2022/07/big-tech-firm-cadence-expands-to-drug-software-simulations-through-500m-deal/ }}</ref> In April 2021, following a ''[[The Washington Post|Washington Post]]'' report on the use of Cadence and [[Synopsys]] technology in the [[People's Liberation Army]]'s [[military-civil fusion]] efforts,<ref>{{Cite news |last1=Nakashima |first1=Ellen |last2=Shih |first2=Gerry |date=April 9, 2021 |title=China builds advanced weapons systems using American chip technology |language=en-US |newspaper=[[The Washington Post]] |url=https://www.washingtonpost.com/national-security/china-hypersonic-missiles-american-technology/2021/04/07/37a6b9be-96fd-11eb-b28d-bfa7bb5cb2a5_story.html |access-date=2023-04-02 |issn=0190-8286}}</ref> U.S. legislators [[Michael McCaul]] and [[Tom Cotton]] requested that the [[United States Department of Commerce]] tighten controls on the sales of semiconductor manufacturing software.<ref>{{Cite web |date=April 15, 2021 |title=McCaul, Cotton Ask Administration to Restrict Sale of Chip-Making Software to China |url=https://foreignaffairs.house.gov/press-release/mccaul-cotton-ask-administration-to-restrict-sale-of-chip-making-software-to-china/ |access-date=2023-04-02 |website=[[United States House Committee on Foreign Affairs]] |language=en}}</ref><ref>{{Cite news |last=De Chant |first=Tim |date=April 16, 2021 |title=Congressmen ask Biden admin to keep chip design software away from China |work=[[Ars Technica]] |url=https://arstechnica.com/tech-policy/2021/04/china-shouldnt-get-us-semiconductor-design-software-congressmen-say/ |access-date=April 2, 2023}}</ref> On December 15, 2021, [[Anirudh Devgan]] assumed the role of Cadence president & CEO, after having been named Cadence president in 2017. Lip-Bu Tan retired as CEO and became executive chairman<ref>Guru Focus [https://www.gurufocus.com/news/1484844/cadence-announces-anirudh-devgan-to-become-ceo-in-december-2021-lipbu-tan-to-transition-to-role-of-executive-chairman-at-that-time Cadence Announces Anirudh Devgan to Become CEO in December 2021] Retrieved July 26, 2021</ref> and left this position and the board in May 2023. In 2021, Cadence launched an [[artificial intelligence]] platform to streamline processor development.<ref name="OriginalRef_Deutscher_siliconangle.com"/>

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Cadence purchased various businesses from [[Rambus]] in 2023.<ref name="OriginalRef_Staff_SiliconSemiconductor.net"/> As of September 2023, Cadence was "looking into" applying for funding from the $52 billion [[CHIPS and Science Act]], passed in 2022 bring more of the international semiconductor supply chain into the United States.<ref name="2023-09-21-Bloomberg">{{Citation |year=September 21, 2023 |title=Chip packaging is the next battleground for tech lead, CEO says |publisher=[[The Economic Times]] |url=https://telecom.economictimes.indiatimes.com/news/devices/chip-packaging-is-the-next-battleground-for-tech-lead-ceo-says/103827318 }}</ref> In February 2024, Cadence "quietly stepped into the supercomputer business," according to [[TechRadar]], when it unveiled the M1, its own supercomputer designed to run [[computational fluid dynamics]] (CFD) while utilizing AI.<ref name="2024-02-14-Williams">{{Citation |last=Williams |first=Wayne |year=2024 |title=Firm behind software used by AMD, Nvidia to make GPU and CPUs quietly unveils its own supercomputer — as it appears to emulate Apple by bringing hardware and software closer together |publisher=[[TechRadar]] |url=https://www.techradar.com/pro/firm-behind-software-used-by-amd-nvidia-to-make-gpu-and-cpus-quietly-unveils-its-own-supercomputer-as-it-appears-to-emulate-apple-by-bringing-hardware-and-software-closer-together }}</ref> In June 2024, Cadence purchased BETA CAE Systems.<ref name="2024-03-05-Bajwa"/>

In January 2025, Cadence announced the acquisition of ''[[:fr:Secure-IC|Secure-IC]]'', a leading embedded security IP platform provider; the acquisition is expected to close by mid-2025, following the usual regulatory approvals and other closing conditions, and be immaterial to 2025 revenue and earnings.<ref>{{cite news |last=Clarke |first=Peter |title=Cadence to acquire French security specialist Secure-IC |url=https://www.eenewseurope.com/en/cadence-to-acquire-french-security-specialist-secure-ic/ |website= eenews |date=2025-01-23 |accessdate=2025-02-02 }}</ref>

==Products==