Cadence Design Systems: Difference between revisions

Revision as of 19:27, 2 February 2025

Revision as of 14:46, 4 February 2025

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===2020–2025===

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 |yeardate=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"/>

Although most of Cadence's customers for decades were "traditional semiconductor firms," around 40% of Cadence's revenue by 2022 came from customers who were "systems" oriented, or seeking products tailored for various industries that utilized chips in a central role. Cadence was also increasingly designing customized chips for clients and having them manufactured by third parties such as [[Taiwan Semiconductor Manufacturing]], a practice which had become more popular in the face of worldwide chip shortages and shipping issues, according to [[Reuters]].<ref name="Ref_Nellis2_Reuters.com"/> By late 2022, Cadence had clients such as [[Tesla, Inc.|Tesla]] and [[Apple Inc.]]<ref name="Ref_Nellis2_Reuters.com"/> Cadence acquired [[OpenEye Scientific Software]] for $500 million in September 2022, rebranding the company OpenEye Cadence Molecular Sciences and making it into a business unit.<ref name="OriginalRef_VItu_santafenewmexican.com"/> OpenEye signed [[Pfizer]] as a software client in October 2023.<ref>{{cite news |date=October 25, 2023 |title=Cadence Expands Pfizer's License to Molecular Design Software |url=https://www.cadence.com/en_US/home/company/newsroom/press-releases/pr/2023/cadence-expands-pfizers-license-to-molecular-design-software.html |work=Cadence.com |access-date=}}</ref>

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 |yeardate=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>

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===Machine design and digital twins===

Cadence in 2021 acquired a number of system analysis products from NUMECA,<ref name="eeNewsNumeca"/> known for software tools used in the automotive, marine, aerospace, and power generation industries.<ref>{{cite news |date=January 22, 2021 |title=Week In Review: Auto, Security, Pervasive Computing |url=https://semiengineering.com/week-in-review-auto-security-pervasive-computing-51/ |work=Semiconductor Engineering |access-date=March 13, 2024}}</ref> Among the tools were '''Fidelity''' (formerly known as OMNIS), a [[computational fluid dynamics]] (CFD), [[mesh generation]], [[multi-physics]] simulation, and optimization product.<ref name="eeNewsNumeca">eeNews Europe [https://www.eenewseurope.com/news/cadence-buys-belgian-cfd-specialist Cadence buys Belgian CFD specialist] Retrieved Jan 21, 2021</ref>  Its '''Cadence Reality''' digital twin platform creates manipulatable digital models of designs or factories.<ref>{{Citation |last=Takahashi |first=Dean |yeardate=March 18, 2024 |title=Nvidia Omniverse Cloud APIs will elevate digital twins for a new industrial revolution |publisher=VentureBeat |url=https://venturebeat.com/ai/nvidia-omniverse-cloud-apis-will-elevate-digital-twins-for-a-new-industrial-revolution/ }}</ref>

Cadence Design Systems in February 2024 launched its '''Cadence Millennium Enterprise Multiphysics Platform''', or Millennium M1. The hardware/software combination was designed for creating digital twins.<ref>{{Citation |last=Takahashi |first=Dean |yeardate=February 1, 2024 |title=Cadence brings AI supercomputing to digital twin simulations |publisher=VentureBeat |url=https://venturebeat.com/games/cadence-brings-ai-supercomputing-to-digital-twin-simulations/ }}</ref> It draws from Cadence's older Fidelity CFD suite.<ref>{{Citation |last=WIlliams |first=Wayne |yeardate=February 14, 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>

===Drug design===

Cadence's [[OpenEye Scientific Software|OpenEye Scientific]] division has computational molecular modeling and simulation software used by pharmaceutical and biotechnology companies for purposes such as drug discovery<ref name="OriginalRef_VItu_santafenewmexican.com"/> and antibody discovery.<ref>{{Citation|yeardate=April 11, 2023 |title=Cadence CEO Drives Growth Beyond Chip Design With AI And Computational Software |publisherwork=[[Forbes]] |url=https://www.forbes.com/sites/davealtavilla/2023/04/11/cadence-ceo-drives-growth-beyond-chip-design-with-ai-and-computational-software/?sh=386406483e38 }}</ref> The '''Orion''' is OpenEye's [[software-as-a-service]] platform.<ref>{{cite news |date=July 26, 2022 |title=Cadence expands into molecular simulation  |url=https://www.newelectronics.co.uk/content/news/cadence-expands-into-molecular-simulation/ |work=New Electronics |access-date=}}</ref> OpenEye Scientific has its headquarters in [[Santa Fe, New Mexico|Santa Fe]], New Mexico.

===Artificial intelligence===

The company was increasingly incorporating [[artificial intelligence]] (AI) in 2023, according to [[Reuters]], by "providing tools to design chips for AI" as well as by "adding AI into its own software to help in the complex process of designing chips."<ref name="Ref_Nellis_retuers.com">{{cite news |date=July 24, 2023 |title=Cadence lifts full-year forecast, shares dip on short-term outlook |url=https://www.reuters.com/technology/cadence-lifts-revenue-forecast-ai-boom-boosts-chip-design-demand-2023-07-24/  |work=[[Reuters]] |access-date=March 13, 2024}}</ref> '''Cerebrus''' was released in 2021, and is a [[machine learning]]-based chip which utilizes [[reinforcement learning]] and is meant to automatically optimize the Cadence digital design flow.<ref>Takahashi, Dean (August 18, 2021). [https://venturebeat.com/2021/07/22/cadence-design-systems-launches-cerebrus-machine-learning-for-chip-design/ "Cadence Design Systems launches Cerebrus machine learning for chip design"] ''Venture Beat'' Retrieved September 5, 2021</ref><ref name="OriginalRef_Deutscher_siliconangle.com">Deutshcer, Maria (July 22, 2021). [https://siliconangle.com/2021/07/22/chip-design-giant-cadence-launches-ai-platform-speed-processor-development/ "Chip design giant Cadence launches AI platform to speed processor development"] ''Silicon Angle'' Retrieved September 5, 2021</ref> In 2022, Cadence introduced the AI platform '''Optimality Intelligent System Explorer''', a system design tool with multiphysics system analysis software. Designed to be compatible with Clarity 3D and SigrityX, [[Microsoft]] was an early adopter.<ref>{{cite news |date=June 13, 2022 |title=Cadence Taps AI Technology to Speed Up System Design |url=https://www.electronicdesign.com/technologies/analog/article/21244099/electronic-design-cadence-taps-ai-technology-to-speed-up-system-design |work=Electronic Design |access-date= March 13, 2024}}</ref> In September 2023, Cadence released software called '''ChipGPT''', allowing companies to create custom silicon with assistance from AI.<ref>{{Citation |yeardate=March 19, 2024 |title=How do you design better, smart AI chips? Use AI, of course |publisher=[[Fast Company]] |url=https://www.fastcompany.com/91030302/cadence-most-innovative-companies-2024 }}</ref>

==Recognition==