Cadence Design Systems, Inc. (stylized as cādence)Investor's Business Dail
CEO Lip-Bu Tan Molds Troubled Cadence Into Long-Term Leader
Retrieved November 12, 2020 is an American multinational technology and computational software company. Headquartered in

San Jose, California San Jose, officially the City of San José ( ; ), is a cultural, commercial, and political center within Silicon Valley and the San Francisco Bay Area. With a city population of 997,368 and a metropolitan area population of 1.95 million, it is ...

, Cadence was formed in 1988 through the merger of SDA Systems and

ECAD Electronic design automation (EDA), also referred to as electronic computer-aided design (ECAD), is a category of software tools for designing electronic systems such as integrated circuits and printed circuit boards. The tools work together ...

. Initially specialized in electronic design automation (EDA) software for the semiconductor industry, currently the company makes

software Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...

and hardware for designing products such as

integrated circuit An integrated circuit (IC), also known as a microchip or simply chip, is a set of electronic circuits, consisting of various electronic components (such as transistors, resistors, and capacitors) and their interconnections. These components a ...

systems on chip A system on a chip (SoC) is an integrated circuit that combines most or all key components of a computer or electronic system onto a single microchip. Typically, an SoC includes a central processing unit (CPU) with memory, input/output, and dat ...

s (SoCs),

printed circuit board A printed circuit board (PCB), also called printed wiring board (PWB), is a Lamination, laminated sandwich structure of electrical conduction, conductive and Insulator (electricity), insulating layers, each with a pattern of traces, planes ...

s,The Stree
How Cadence Designs the Future
Retrieved July 21, 2020 and pharmaceutical drugs, also licensing

intellectual property Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, co ...

for the electronics, aerospace, defense and automotive industries, among others.

History

1983–1999

Founded in 1983 in

, Cadence Design Systems began as an electronic design automation (EDA) company named Solomon Design Automation (SDA). SDA's cofounders included James Solomon, Richard Newton, and

Alberto Sangiovanni-Vincentelli Alberto Luigi Sangiovanni-Vincentelli (born June 23, 1947) is an Italian-American computer scientist. Since 1976 he has been a professor affiliated with the Department of Electrical Engineering and Computer Sciences at the University of Califor ...

. Cadence was formed by the merger of SDA and

. A public company, ECAD had been co-founded by Ping Chao, Glen Antle, and Paul Huang in 1982. Cadence Design Systems was officially formed through SDA and ECAD's 1988 merger, with Joseph Costello was appointed both CEO and president of the newly combined company. After the merger, Cadence began trading on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

and Costello oversaw further mergers and acquisitions.NYTime
A Fun Chief at Cadence Is Serious Merger Man
Retrieved October 4, 1991 In 1989, the company acquired Gateway Design Automation for $72 million. In 1990 it acquired Automated Systems Inc., and in doing so added "board design to its existing line of chip design software." In 1991, Cadence acquired its rival

Valid Logic Systems Cadence Design Systems, Inc. (stylized as cādence)Investor's Business DailCEO Lip-Bu Tan Molds Troubled Cadence Into Long-Term LeaderRetrieved November 12, 2020 is an American multinational technology and computational software company. Headqua ...

for around $200 million, its biggest acquisition yet. The revenues of the combined company were $390 million, making Cadence "the largest provider of the software used by electronic engineers to design computer chips and circuit boards," according to the ''New York Times.'' In 1996, Cadence acquired High Level Design Systems, at which point Cadence had 3,300 employees and $742 million in annual revenue. Following the resignation of Cadence's original CEO Joe Costello in 1997, Jack Harding was appointed CEO. Ray Bingham was named CEO in 1999. Cadence purchased Ambit Design Systems for $260 million, which made tools for

system-on-a-chip A system on a chip (SoC) is an integrated circuit that combines most or all key components of a computer or electronic system onto a single microchip. Typically, an SoC includes a central processing unit (CPU) with memory, input/output, and dat ...

technology, in 1998, and OrCAD Systems in 1999. After acquiring Quickturn Design in 1999, Cadence was described as a "white knight" for the act by the ''New York Times'', as Quickturn had been subject to a

hostile takeover In business, a takeover is the purchase of one company (law), company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast t ...

by Cadence's rival

Mentor Graphics Mentor Graphics Corporation was a US-based electronic design automation (EDA) multinational corporation for electrical engineering and electronics, headquartered in Wilsonville, Oregon. Founded in 1981, the company distributed products that ass ...

2000–2019

Under urging by executives such as Jim Hogan and executive vice president Penny Herscher, between 2001 and 2003, Cadence purchased a number of implementation tools through acquisition, such as Silicon Perspective, Verplex, and Celestry Design. The acquisitions were apparently in part to counter the 2001 purchase of Avanti by

Synopsys Synopsys, Inc. is an American electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on silicon design and verification, silicon intellectual property and software security and quality. Synopsys sup ...

, as Synopsys had become their primary market rival. In 2004, Mike Fister became Cadence's new CEO and president, with Ray Bingham becoming chairman. The former chairman, Donald L. Lucas, remained on the Cadence board. Between 2004 and 2007, Cadence purchased four companies, including the software developer Verisity, and in 2006, it spent $1 billion in stock buybacks. 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 KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total ...

and

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

regarding a possible sale of the company.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 Cadence withdrew a $1.6 billion offer to purchase Mentor Graphics in 2008. 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. In January 2009, the board of directors of Cadence voted unanimously to confirm Lip-Bu Tan as president and CEO. In 2011, it purchased

Altos Design Automation Altos Design Automation, Inc. was an electronic design automation software company. Altos developed and marketed cell and semiconductor intellectual property (IP) characterization tools that created library views for timing, signal integrity an ...

. Subsequent notable acquisitions included Cosmic Circuits and Tensilica in 2013, Forte Design Systems in 2014, and the AWR Corporation in 2019.

2020–2025

Cadence had 9,300 employees and annual revenue of $3 billion in 2021. Most of its revenue came from licensing its software and intellectual property. In April 2021, following a ''

Washington Post ''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington m ...

'' report on the use of Cadence and

technology in the

People's Liberation Army The People's Liberation Army (PLA) is the military of the Chinese Communist Party (CCP) and the People's Republic of China (PRC). It consists of four Military branch, services—People's Liberation Army Ground Force, Ground Force, People's ...

military-civil fusion Military-civil fusion (, MCF) or civil-military fusion is a strategy and policy of the Chinese Communist Party (CCP) with the stated goal of developing its People's Liberation Army (PLA) into a world-class military. Military-civil fusion is a p ...

efforts, U.S. legislators Michael McCaul and Tom Cotton requested that the

United States Department of Commerce The United States Department of Commerce (DOC) is an executive department of the U.S. federal government. It is responsible for gathering data for business and governmental decision making, establishing industrial standards, catalyzing econ ...

tighten controls on the sales of semiconductor manufacturing software. 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 and left this position and the board in May 2023. In 2021, Cadence launched an

artificial intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

platform to streamline processor development. 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 Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

. By late 2022, Cadence had clients such as Tesla and

Apple Inc. Apple Inc. is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It is best known for its consumer electronics, software, and services. Founded in 1976 as Apple Comput ...

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. OpenEye signed

Pfizer Pfizer Inc. ( ) is an American Multinational corporation, multinational Pharmaceutical industry, pharmaceutical and biotechnology corporation headquartered at The Spiral (New York City), The Spiral in Manhattan, New York City. Founded in 184 ...

as a software client in October 2023. Cadence purchased various businesses from

Rambus Rambus Inc. is an American technology company that designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products. The company, founded in 1990, is well known for inventing RDRAM ...

in 2023. 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. In February 2024, Cadence "quietly stepped into the supercomputer business," according to

TechRadar ''TechRadar'' is an online technology publication owned by Future plc. It has editorial teams in the United States, United Kingdom, and Australia that provide news and reviews of tech products and gadgets. It was launched in 2008 and expanded t ...

, when it unveiled the M1, its own supercomputer designed to run

computational fluid dynamics Computational fluid dynamics (CFD) is a branch of fluid mechanics that uses numerical analysis and data structures to analyze and solve problems that involve fluid dynamics, fluid flows. Computers are used to perform the calculations required ...

(CFD) while utilizing AI. In June 2024, Cadence purchased BETA CAE Systems. In January 2025, Cadence announced the acquisition of '' 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. In 2025, the Trump administration paused the issuing of licenses for exports of Cadence software to China.

Products

Originally known as a creator of

electronic design automation Electronic design automation (EDA), also referred to as electronic computer-aided design (ECAD), is a category of software tools for designing Electronics, electronic systems such as integrated circuits and printed circuit boards. The tools wo ...

(EDA) software, the company currently develops software, hardware and

(IP) used to design chips,

chiplet A chiplet is a tiny integrated circuit (IC) that contains a well-defined subset of functionality. It is designed to be combined with other chiplets on an interposer in a single package to create a complex component such as a computer processor. E ...

-style products, and

s,NYTime
Cadence Acquires Software Company
Retrieved April 11, 1990 while also selling hardware systems that run its chip design software. It also has tools for "electromagnetics, thermal and computational fluid dynamics in the high-tech electronics, aerospace and defense and automotive sectors," and according to '' Investor's Business Daily'' in 2023, it specializes in products for fields such as "artificial intelligence and machine learning, cloud computing, 3D technology, and AI-enabled big data analytics." Among market applications are "hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and health care."

Integrated circuit software

The company develops a number of technologies for creating custom integrated circuits. For example, its Virtuoso Platform, later renamed Virtuoso Studio, incorporates tools for designing full-custom

s. In 2019, Cadence introduced its Spectre X parallel circuit simulator, so that users could distribute time- and frequency-domain simulations across hundreds of CPUs for speed. Cadence also developed AWR, a

radio frequency Radio frequency (RF) is the oscillation rate of an alternating electric current or voltage or of a magnetic, electric or electromagnetic field or mechanical system in the frequency range from around to around . This is roughly between the u ...

millimeter wave Extremely high frequency (EHF) is the International Telecommunication Union designation for the band of radio frequencies in the electromagnetic spectrum from 30 to 300 gigahertz (GHz). It is in the microwave part of the radio spectrum, between t ...

design environment for designing 5G/

wireless Wireless communication (or just wireless, when the context allows) is the transfer of information (''telecommunication'') between two or more points without the use of an electrical conductor, optical fiber or other continuous guided transm ...

products. AWR is used for communications, aerospace and defense, semiconductor, computer, and consumer electronics.

Digital implementation and signoff

Cadence has a number of digital

implementation Implementation is the realization of an application, execution of a plan, idea, scientific modelling, model, design, specification, Standardization, standard, algorithm, policy, or the Management, administration or management of a process or Goal ...

and

signoff A sign-on (or start-up in Commonwealth countries except Canada) is the beginning of operations for a radio broadcasting, radio or television station, generally at the start of each day. It is the opposite of a sign-off (or closedown in Commonw ...

tools, including Genus, Innovus, Tempus & Voltus, among others. In 2020, Cadence integrated its Innovus

place and route Place and route (also called PnR or P&R) is a stage in the design of printed circuit boards, integrated circuits, and field-programmable gate arrays. As implied by the name, it is composed of two steps, placement and routing. The first step, p ...

engine and optimizer into Genus

Synthesis Synthesis or synthesize may refer to: Science Chemistry and biochemistry *Chemical synthesis, the execution of chemical reactions to form a more complex molecule from chemical precursors **Organic synthesis, the chemical synthesis of organi ...

. Stratus is Cadence's

high-level synthesis High-level synthesis (HLS), sometimes referred to as C synthesis, electronic system-level (ESL) synthesis, algorithmic synthesis, or behavioral synthesis, is an automated design process that takes an abstract behavioral specification of a digital ...

tool, and is used to create RTL implementations from C, C++, or SystemC code. Other formal verification and signoff tools include Conformal Equivalence Checker, Joules RTL Power Solution, Quantus Extraction Solution, and Cadence's Modus DFT Software Solution.

System verification

Cadence has developed a number of formal verification products for chip design. JasperGold is a

formal verification In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of a system with respect to a certain formal specification or property, using formal methods of mathematics. Formal ver ...

tool, initially introduced in 2003 and upgraded with machine learning in 2019. is a verification management tool for tracking the verification process. Cadence announced Perspec System Verifier in 2014 for defining and verifying system-level verification scenarios, with Perspec made compatible with the Accellera Portable Test and Stimulus Standard (PSS) several years later. Introduced in 2017, Cadence's parallel simulator Xcelium is based on a multi-core

parallel computing Parallel computing is a type of computing, computation in which many calculations or Process (computing), processes are carried out simultaneously. Large problems can often be divided into smaller ones, which can then be solved at the same time. ...

architecture.

Hardware emulation

In 2015, Cadence announced the Palladium Z1 hardware emulation platform, with over 100 million gates per hour compile speed, and greater than 1 MHz execution for billion-gate designs. which was based on emulation technology from Cadence's 1998 acquisition of Quickturn.NY Time
Cadence to Acquire Quickturn Design
Retrieved 36137 Cadence announced Palladium Z2 in 2021, claiming a 1.5X performance and 2X capacity improvement over the Z1. The Protium

FPGA prototyping Field-programmable gate array prototyping (FPGA prototyping), also referred to as FPGA-based prototyping, ASIC prototyping or system-on-chip (SoC) prototyping, is the method to prototype system-on-chip and application-specific integrated circu ...

platform was introduced in 2014, followed by the Protium S1 in 2017, which was built on

Xilinx Xilinx, Inc. ( ) was an American technology and semiconductor company that primarily supplied programmable logic devices. The company is renowned for inventing the first commercially viable field-programmable gate array (FPGA). It also pioneered ...

Virtex UltraScale FPGAs. Protium X1 rack-based prototyping was introduced in 2019, which Cadence claimed supported a 1.2 billion gate SoCs at around 5 MHz. with Palladium S1/X1 and Protium sharing a single compilation flow. In 2021, Protium X2 was announced; Cadence claimed a 1.5X performance and 2X capacity improvement over Protium X1.

SIP blocks

Cadence supplies semiconductor intellectual property (SIP) blocks, covering interface design,

USB Universal Serial Bus (USB) is an industry standard, developed by USB Implementers Forum (USB-IF), for digital data transmission and power delivery between many types of electronics. It specifies the architecture, in particular the physical ...

, MIPI,

ethernet Ethernet ( ) is a family of wired computer networking technologies commonly used in local area networks (LAN), metropolitan area networks (MAN) and wide area networks (WAN). It was commercially introduced in 1980 and first standardized in 198 ...

, memory, analog, SoC peripherals, and data plane processing units. Cadence also develops chip verification technologies including simulators and

tools. Cadence develops Tensilica DSP processors for audio, vision, wireless modems, and convolutional neural nets. Tensilica DSP processors IP in 2019 included: Tensilica Vision DSPs for

imaging Imaging is the representation or reproduction of an object's form; especially a visual representation (i.e., the formation of an image). Imaging technology is the application of materials and methods to create, preserve, or duplicate images. ...

vision Vision, Visions, or The Vision may refer to: Perception Optical perception * Visual perception, the sense of sight * Visual system, the physical mechanism of eyesight * Computer vision, a field dealing with how computers can be made to gain und ...

, and AI processing; Tensilica HiFi DSPs for audio processing; Tensilica Fusion DSPs for IoT; Tensilica ConnX DSPs for

radar Radar is a system that uses radio waves to determine the distance ('' ranging''), direction ( azimuth and elevation angles), and radial velocity of objects relative to the site. It is a radiodetermination method used to detect and track ...

lidar Lidar (, also LIDAR, an acronym of "light detection and ranging" or "laser imaging, detection, and ranging") is a method for determining ranging, ranges by targeting an object or a surface with a laser and measuring the time for the reflected li ...

, and communications processing; and Tensilica DNA Processor Family for AI acceleration. In 2021, Cadence launched the Tensilica AI Platform to accelerate AI SoC development and improve performances.

PCB and packaging technologies

The company has a number of

(PCB) and packaging technologies for designing circuit boards. Its Allegro Platform has tools for co-design of

s, packages, and PCBs. OrCAD/PSpice has tools for smaller design teams and individual PCB designers. OrbitIO Interconnect Designer is a die/package planning & route optimization tool. InspectAR uses

augmented reality Augmented reality (AR), also known as mixed reality (MR), is a technology that overlays real-time 3D computer graphics, 3D-rendered computer graphics onto a portion of the real world through a display, such as a handheld device or head-mounted ...

to map out complicated

circuit board A printed circuit board (PCB), also called printed wiring board (PWB), is a laminated sandwich structure of conductive and insulating layers, each with a pattern of traces, planes and other features (similar to wires on a flat surface) ...

electronics for real-time labelling of board

schematics A schematic, or schematic diagram, is a designed representation of the elements of a system using abstract, graphic symbols rather than realistic pictures. A schematic usually omits all details that are not relevant to the key information the sc ...

Systems design and analysis

The company has a number of tools for

system analysis System analysis in the field of electrical engineering characterizes electrical systems and their properties. System analysis can be used to represent almost anything from population growth to audio speakers; electrical engineers often use it b ...

. Sigrity has tools for signal, power integrity, and thermal integrity analysis and IC package design.EE Time
Cadence Pays $80 million to buy signal integrity firm
Retrieved July 3, 2012 Introduced in April 2019 as part of Cadence's expansion into system analysis, Clarity is a 3D field solver for electromagnetic analysis, that uses distributed adaptive meshing to partition jobs across multiple cores. In September 2019, Cadence announced Celsius, a parallel architecture thermal solver that uses finite element analysis for solid structures and

(CFD) for fluids. Cascade Technologies, Inc includes hi-fidelity CFD solvers for multiphysics analysis of turbulence fluid flow.Cascade CFD Blog
/ref> Acquired by Cadence from Pointwise in 2021, Fidelity Pointwise is for computational fluid dynamics (CFD) mesh generation.eeNew
OneSpin deal leads flurry of EDA acquisitions: Page 2 of 3
Retrieved Apr 15, 2021

Machine design and digital twins

Cadence in 2021 acquired a number of system analysis products from NUMECA, known for software tools used in the automotive, marine, aerospace, and power generation industries. Among the tools were Fidelity (formerly known as OMNIS), a

(CFD),

mesh generation Mesh generation is the practice of creating a polygon mesh, mesh, a subdivision of a continuous geometric space into discrete geometric and topological cells. Often these cells form a simplicial complex. Usually the cells partition the geometric ...

, multi-physics simulation, and optimization product.eeNews Europ
Cadence buys Belgian CFD specialist
Retrieved Jan 21, 2021 Its Cadence Reality digital twin platform creates manipulatable digital models of designs or factories. 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. It draws from Cadence's older Fidelity CFD suite.

Drug design

Cadence's OpenEye Scientific division has computational molecular modeling and simulation software used by pharmaceutical and biotechnology companies for purposes such as drug discovery and antibody discovery. The Orion is OpenEye's

software-as-a-service Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

platform. OpenEye Scientific has its headquarters in Santa Fe, New Mexico.

Artificial intelligence

The company was increasingly incorporating

(AI) in 2023, according to

, 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." Cerebrus was released in 2021, and is a

machine learning Machine learning (ML) is a field of study in artificial intelligence concerned with the development and study of Computational statistics, statistical algorithms that can learn from data and generalise to unseen data, and thus perform Task ( ...

-based chip which utilizes

reinforcement learning Reinforcement learning (RL) is an interdisciplinary area of machine learning and optimal control concerned with how an intelligent agent should take actions in a dynamic environment in order to maximize a reward signal. Reinforcement learnin ...

and is meant to automatically optimize the Cadence digital design flow.Deutshcer, Maria (July 22, 2021)
"Chip design giant Cadence launches AI platform to speed processor development"
''Silicon Angle'' Retrieved September 5, 2021 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 Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

was an early adopter. In September 2023, Cadence released software called ChipGPT, allowing companies to create custom silicon with assistance from AI.

Recognition

In 2016, former Cadence CEO Lip-Bu Tan was awarded the Dr. Morris Chang Exemplary Leadership Award by the Global Semiconductor Alliance. In 2019, '' Investor's Business Daily'' ranked Cadence Design Systems #5 on its 50 Best Environmental, Social, and Governance (ESG) Companies list. In 2020, Cadence ranked #45 on ''

People The term "the people" refers to the public or Common people, common mass of people of a polity. As such it is a concept of human rights law, international law as well as constitutional law, particularly used for claims of popular sovereignty. I ...

'' magazine's Companies that Care list. ''

Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fate * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (19 ...

'' magazine named Cadence to its 100 Best Companies to Work For list for the sixth consecutive year in 2020. In 2021, Anirudh Devgan was awarded the prestigious IEEE/SEMI Phil Kaufman award and in 2022 was inducted into National Academy of Engineering.

Sponsorship

In May 2022, the

Formula 1 Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one ...

motor racing team

McLaren McLaren Racing Limited ( ) is a British auto racing, motor racing team based at the McLaren Technology Centre in Woking, Surrey, England. The team is a subsidiary of the McLaren Group, which owns a majority of the team. McLaren is best known a ...

announced a multi-year partnership deal with Cadence. Cadence partnered with the

San Francisco 49ers The San Francisco 49ers (also written as the San Francisco Forty-Niners and nicknamed the Niners) are a professional American football team based in the San Francisco Bay Area. The 49ers compete in the National Football League (NFL) as a member ...

in April 2023 on a several year technology project to fix energy efficiencies at Levi's Stadium. The deal also gave Cadence the naming rights to the team's mobile app.

Acquisitions timeline

Lawsuits

*Avanti Corporation From 1995 until 2002, Cadence was involved in a 6-year-long legal disputeBusiness Week (pay wall)
overview of the entire case, after the criminal trial but before the purchase by

. with Avanti Corporation (brand name "Avant!"), in which Cadence claimed Avanti stole Cadence code, and Avanti denied it. According to Business Week ''"The Avanti case is probably the most dramatic tale of white-collar crime in the history of Silicon Valley"''. The Avanti executives eventually pleaded ''no contest'' and Cadence received several hundred million dollars in restitution. Avanti was then purchased by

, which paid $265 million more to settle the remaining claims. The case resulted in a number of

legal precedent Precedent is a judicial decision that serves as an authority for courts when deciding subsequent identical or similar cases. Fundamental to common law legal systems, precedent operates under the principle of ''stare decisis'' ("to stand by thin ...

s. *Aptix Corporation Quickturn Design Systems, a company acquired by Cadence, was involved in a series of legal events with Aptix Corporation. Aptix licensed a patent to

and the two companies jointly sued Quickturn over an alleged patent infringement. Amr Mohsen, CEO of Aptix, forged and tampered with legal evidence and was subsequently charged with conspiracy, perjury, and obstruction of justice. Mohsen was arrested after violating his bail agreement by attempting to flee the country. While in jail, Mohsen plotted to intimidate witnesses and kill the federal judge presiding over his case. Mohsen was further charged with attempting to delay a federal trial by feigning incompetency. Due to the overwhelming misconduct, the judge ruled the lawsuit as unenforceable and Mohsen was sentenced to 17 years in prison. Mentor Graphics subsequently sued Aptix to recoup legal costs. Cadence also sued Mentor Graphics and Aptix to recover legal costs. *Berkeley Design Automation In 2013, Cadence sued Berkeley Design Automation (BDA) for circumvention of a license scheme to link its Analog FastSpice (AFS) simulator to Cadence's Analog Design Environment (Virtuoso ADE). The lawsuit was settled less than one year later with an undisclosed payment of BDA and a multi-year agreement to support interoperability of AFS with ADE through Cadence's official interface. BDA was bought by

a few months later.Mentor buys Berkeley DA after Cadence lawsuit
Peter Clarke, eeNews Europe, 24 March 2014

References

External links

* {{Authority control Electronic design automation companies Electronics companies of the United States Software companies of the United States Software companies based in the San Francisco Bay Area Companies based in San Jose, California American companies established in 1988 Electronics companies established in 1988 Software companies established in 1988 1988 establishments in California Companies listed on the Nasdaq