Cadence Design Systems, Inc.
TypePublic company
IndustryComputer Software
Founded1988; 35 years ago (1988)
HeadquartersSan Jose, California, U.S.
Key people
Anirudh Devgan
(President & CEO)
Lip-Bu Tan
(Executive Chairman)
RevenueIncrease US$3.56 billion (2022)
Increase US$1.07 billion (2022)
Increase US$849 million (2022)
Total assetsIncrease US$5.14 billion (2022)
Total equityIncrease US$2.75 billion (2022)
Number of employees
10,200 (Dec 2022)
Websitecadence.com
Footnotes / references
[1]

Cadence Design Systems, Inc. (stylized as cādence), headquartered in San Jose, California,[2] is an American multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware, and silicon structures for designing integrated circuits, systems on chips (SoCs), and printed circuit boards.[3]

History

Origins

Cadence Design Systems began as an electronic design automation (EDA) company, formed by the 1988 merger of Solomon Design Automation (SDA), co-founded in 1983 by Richard Newton, Alberto Sangiovanni-Vincentelli, and James Solomon, and ECAD, a public company co-founded by Ping Chao, Glen Antle, and Paul Huang in 1982. SDA's CEO Joseph Costello was appointed as CEO of the newly combined company.[4]

Executive leadership

Following the resignation of Cadence's original CEO Joe Costello in 1997, Jack Harding was appointed CEO.[5] Ray Bingham was named CEO in 1999.[6] In 2004, Mike Fister became Cadence's new CEO.[7]

In 2008, 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.[8] In January 2009, the board of directors of Cadence voted unanimously to confirm Lip-Bu Tan as president and CEO. Tan had been most recently CEO of Walden International, a venture capital firm, where he remains chairman of the firm.[9]

On December 15, 2021, Anirudh Devgan assumed the role of president & CEO, and Lip-Bu Tan became executive chairman. Devgan joined Cadence in 2012 and was appointed president in 2017.[10][11][12]

Products

The company develops software, hardware and intellectual properties (IP) used to design chips,[13] systems and printed circuit boards,[14] as well as IP covering interfaces, memory, analog, SoC peripherals, data plane processing units, and verification.

Custom IC technologies

Digital implementation and signoff technologies

Other Cadence RTL to GDS II tools: Conformal Equivalence Checker, Stratus High-Level Synthesis, Joules Power Analysis, Quantus RC Extraction, Modus AutomaticTest Pattern Generation.

Verification technologies

Intellectual property

Design IP targeting areas including memory / storage / high-performance interface protocols (USB or PCIe controllers and PHYs), Tensilica DSP processors for audio, vision, wireless modems and convolutional neural nets. Tensilica DSP processors IP[42] include:

Tensilica Vision DSPs for Imaging, Vision, and AI processing;[43][44] Tensilica HiFi DSPs for Audio/Voice/Speech processing;[45][46] Tensilica Fusion DSPs for IoT;[47] Tensilica ConnX DSPs for Radar, Lidar, and Communications processing;[48][49] and Tensilica DNA Processor Family for AI acceleration[50][51]

In 2021, Cadence launched the Tensilica AI Platform to accelerate AI SoC development and improve power, performance and area—targeting mobile, IoT, automotive, intelligent sensor, and industrial AI SoC designs.[52]

PCB and packaging technologies

System analysis

Recognition

In 2016, Cadence CEO Lip-Bu Tan was awarded the Dr. Morris Chang Exemplary Leadership Award by the Global Semiconductor Alliance.[62]

In 2019, Investor's Business Daily ranked Cadence Design Systems #5 on its 50 Best Environmental, Social, and Governance (ESG) Companies list.[63]

In 2020, Fortune Magazine named Cadence to Fortune's "100 Best Companies to Work For list" for the sixth consecutive year.[64]

Also in 2020, Cadence was ranked #45 in PEOPLE magazine's Companies that Care.[65]

Sponsorship

In May 2022, McLaren announced a multi-year partnership deal with Cadence.[66]

Acquisitions

Timeline

Year announced Company Business Value (USD) References
1989 Gateway Design Automation Simulation software $72 million [67]
1990 Automated Systems, Inc. PCB Design Automation $23 million [68]
1991 Valid Logic Gate-level design $198 million [69][70]
1993 Comdisco Systems Digital signal processing & communications design $13 million [71]
1997 Cooper & Chyan Technology + UniCAD Placement and routing (Specctra AutoRouter) and UniCAD (PCB Design) $422 million [72][73][74]
1998 Bell Labs Design Automation Simulation and verification software $45 million [75]
1998 Quickturn Design Systems Emulation hardware $253 million [76]
1999 OrCAD Systems PCB & FPGA design $121 million [77]
2002 IBM's DFT tools & group Design-for-Test not disclosed [78]
2003 Celestry Design Dense modeling, full-chip circuit simulation not disclosed [79]
2003 Verplex Formal verification, equivalence checkers not disclosed [80]
2004 Neolinear Analog & mixed-signal layout, circuit sizing not disclosed [81]
2005 Verisity Verification automation, hardware acceleration $315 million [82]
2006 Praesagus Manufacturing variation predication $26 million [83]
2007 Invarium Lithography-modeling and pattern-synthesis not disclosed [84]
2007 Clear Shape Design for Manufacturing not disclosed [85][86]
2008 Chip Estimate IP portal, IP reuse management not disclosed [87]
2010 Denali Software Memory models, design IP, verification IP $315 million [88]
2011 Altos Design Automation Foundation IP characterization, such as memory, standard cell libraries not disclosed [89][90]
2011 Azuro Clock concurrent optimization not disclosed [91]
2012 Sigrity Signal, power & thermal integrity analysis, IC package design $80 million [92][56]
2013 Cosmic Circuits Analog & mixed-signal IP for mobile device IP, such as USB, MIPI, audio & Wi-Fi cores not disclosed [93][94]
2013 Tensilica Dataplane processing IP $380 million [95][96]
2013 Evatronix Semiconductor IP: USB, MIPI, display, & storage interfaces not disclosed [97]
2014 Forte Design Systems High-level synthesis not disclosed [98][99]
2014 Jasper Design Automation Formal analysis & verification $170 million [100][101]
2016 Rocketick Technologies Multi-core parallel simulator not disclosed [102]
2017 nusemi High-speed Serializer/Deserializer (SerDes) communications IP not disclosed [103]
2019 AWR Corporation Wireless/high-frequency radio-frequency application design software $160 million [104]
2020 Integrand Software Method of moments solver technology for analysis & extraction for simulating large IC and packages, characterization, and analysis in 3D-IC systems not disclosed [105][106]
2020 InspectAR Augmented Interfaces Maps electronics & labels circuit board schematics in real-time using augmented reality not disclosed [107][108]
2021 NUMECA CFD, mesh generation, multi-physics simulation & optimization not disclosed [59]
2021 Pointwise Computational fluid dynamics (CFD) mesh generation not disclosed [60]
2022 Future Facilities Computational Fluid Dynamics (CFD) solution provider for electronics cooling and energy performance optimization solutions for data center design and operations not disclosed [109]
2022 OpenEye Scientific Computational molecular modeling and simulation software used by pharmaceutical and biotechnology companies for drug discovery $500 million [110]

The company has also acquired High-Level Design (HLD), UniCAD, CadMOS, Ambit Design Systems, Simplex, Silicon Perspective, Plato, and Get2Chip.

Related

Lawsuits

Notable persons

See also

References

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