Cadence Design Systems Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Cadence Design Systems Strengths, Domain Expertise, and Key Differentiators

Cadence enables global electronic design innovation and plays an essential role in the creation of today’s integrated circuits and electronics. The company develops software used to design chips and printed circuit boards, as well as intellectual properties (IP) covering a broad range of areas, including interfaces, memory, analog, SoC peripherals, data plane processing units, and verification. Cadence produced excellent financial results and continued innovating with the launch of nine new products, including Genus Synthesis, Innovus Implementation, the Palladium Z1 Enterprise Emulation Platform, and the Tensilica Vision P5 processor.

Cadence delivered the next-generation Virtuoso platform which offers designers an average of 10X performance and capacity improvement across the platform. The platform includes new technologies within the Cadence Virtuoso Analog Design Environment (ADE) and enhancements to the Cadence Virtuoso Layout Suite to address requirements for automotive safety, medical device, and the Internet of Things (IoT) applications.

Cadence is a Member of the Google Cloud partner network. The Google Cloud partner network enables members to help customers innovate faster, scale smarter, and stay secure. The Technology Partner track of the Google Cloud partner network allows companies to offer new solutions to customers and partners that are powered by the Google Cloud. Cadence is leveraging our Member status to develop roadmaps for future integration with the Cloud-Hosted Design Solution. Currently, with Cloud Passport, customers can host cloud-ready software and a cloud-based license server in their own Google Cloud account.

Cadence offers a portfolio of cloud solutions that have been developed and matured over many years. Their offerings support companies large and small, those seeking a solution for peak demand for a particular area, those looking for a completely cloud-based design flow, those companies with no cloud experience, as well as the pioneers who have learned what it takes to properly provision a cloud environment. The portfolio includes the Cadence CloudBurst Platform Cadence Cloud-Hosted Design Solution Cadence Palladium® Cloud Solution Cadence Cloud Passport model. With endorsements from industry leaders such as TSMC and Arm, and worldwide deployments at many customers utilizing cloud platforms from Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, Cadence is enabling the electronics industry to boost design and verification productivity.

Cadence Design Systems Recent Developments

At the start of this year, Cadence unveiled the Millennium Platform, an innovative accelerated digital twin solution for multiphysics system design and analysis. Leveraging GPU and CPU computing, it offers up to 100X improved design impact with enhanced accuracy and speed. Specifically designed for automotive, aerospace, energy, and turbomachinery industries, it includes energy-efficient GPU-resident solvers and integrates AI technology.

Cadence introduces the Cadence® OnCloud SaaS and e-commerce platform, a pioneering solution powered by Amazon Web Services (AWS). It offers instant access to design and analysis solutions from any device, anywhere, with flexible consumption models. Leveraging AWS infrastructure, it enhances Cadence's IP portfolio and aligns with its Intelligent System Design™ strategy, delivering productivity and scalability benefits.

In October 2021, Cadence Design Systems, Inc., released Cadence® Integrity™ 3D-IC platform, the industry’s first comprehensive, high-capacity 3D-IC platform that integrates 3D design planning, implementation and system analysis in a single, unified cockpit. The Integrity 3D-IC platform underpins Cadence’s third-generation 3D-IC solution, providing customers with system-driven power, performance and area (PPA) for individual chiplets through integrated thermal, power and static timing analysis capabilities.

In August 2020 Cadence Design Systems introduced the Cadence XceliumTM Logic Simulator, enhanced with machine learning technology (ML), called Xcelium ML, to increase verification throughput. Using new machine learning technology and core computational software, Xcelium ML enables up to 5X faster verification closure on randomized regressions.

Using computational software and a proprietary machine learning technology that directly interfaces to the simulation kernel, Xcelium ML learns iteratively over an entire simulation regression. It analyzes patterns hidden in the verification environment and guides the Xcelium randomization kernel on subsequent regression runs to achieve matching coverage with reduced simulation cycles.

Cadence’s Xcelium Logic Simulator provides best-in-class core engine performance for SystemVerilog, VHDL, mixed-signal, low power, and x-propagation. It supports both single-core and multi-core simulation, incremental and parallel build, and save/restart with dynamic test reload. The Xcelium Logic Simulator has been deployed by a majority of top semiconductor companies, and a majority of top companies in the hyper-scale, automotive, and consumer electronics segments.

Cadence strategy is called System Design Enablement (“SDE”), which provides the technologies necessary for their customers to develop a complete and functional electronic product. Cadence SDE strategy enables one to address the growing trends of electronic systems companies developing their own ICs as part of their end product systems, as well as semiconductor companies delivering greater portions of the systems into which their IC products are integrated.

Cadence was the first major electronic design automation (EDA) company to register with Amazon Web Services (AWS) Partner Network. The Amazon Partner Network (APN) recognizes technology and professional services firms that are working to enable their customers, partners, and industries in the cloud.

Cadence is currently recognized as an Advanced Technology Partner. As a Microsoft Partner, Cadence is positioned to help customers interested in leveraging Azure to enable engineering productivity. Through the Cloud-Hosted Design Solution, Cadence offers a fully-managed design environment powered by Azure. With Cloud Passport, customers can host cloud-ready software and a cloud-based license server in their own Azure account.

In April 2019, Cadence Design Systems launched the Cadence CloudBurst Platform for hybrid cloud environments, providing customers with fast and easy access to pre-installed Cadence design tools in a ready-to-use cloud environment built on either Amazon Web Services (AWS) or Microsoft Azure. The new platform is the latest addition to the Cadence Cloud portfolio, and this continued innovation further advances Cadence’s leadership position in cloud-based offerings for semiconductor and electronic system design.

Cadence Design Systems Mergers and Acquisitions (M&A) Activities

Cadence Design Systems, Inc. has agreed to acquire BETA CAE Systems International AG, for approximately $1.24 billion. This move aims to bolster Cadence's multiphysics system analysis portfolio and marks its entry into the structural analysis segment. BETA CAE brings a strong customer base, including top global manufacturers and Formula One teams, and annual revenue of around $90 million. The acquisition, expected to close in the second quarter of 2024, is subject to regulatory approvals. It is projected to be dilutive to Cadence's 2024 earnings per share but accretive in 2025.

In Januar 2024, Cadence Design Systems, Inc. acquired Invecas, Inc., adding skilled engineering talent and expertise in custom solutions for chip design, product engineering, and advanced packaging. The acquisition aims to enhance Cadence's system design capabilities to meet the increasing demand for custom silicon solutions across various industries.

Cadence has successfully concluded the acquisition of the SerDes and memory interface PHY IP business from Rambus Inc. This acquisition enhances Cadence's IP portfolio, aligning with its Intelligent System Design™ strategy. It strengthens Cadence's capabilities in AI, data centers, hyperscale applications, CPU architectures, and networking devices. Furthermore, Cadence expands its talent base with the addition of experienced PHY engineering teams located in the United States, India, and Canada.

In 2021, Cadence has acquired both Pointwise and NUMECA, two companies specializing in multi-physics simulations and specifically computational fluid dynamics.

In January 2020 Cadence has acquired AWR Corporation from National Instruments Corporation. The addition of AWR’s technologies and talent will further expand Cadence’s reach into 5G RF communications and support system innovation for the aerospace and defense, automotive, and wireless market segments.

Cadence Design Systems Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Cadence Design Systems applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Cadence Design Systems and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Cadence EDA in the Cloud, customers.

Cadence Design Systems Key Enterprise and Cloud Applications

Cadence EDA in the Cloud,

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Cadence Design Systems Direct vs Indirect sales

Cadence Design Systems Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Cadence Design Systems Customers

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Cadence customers include electronics systems and semiconductor companies, internet infrastructure and service companies, and other technology companies that develop a wide range of electronics products and services in a number of market segments, such as mobile and consumer devices, communications, cloud, and data center infrastructure, personal computers, automotive systems, medical systems, and other devices. Among their customers are: Cypress Semiconductor Corp., Tezzaron Semiconductor, Faraday Technology Corporation, Toshiba Corporation.

Among its customers are Fairchild Semiconductor, NXP, PMC-Sierra, Seagate, Open-Silicon, Nvidia, MCCI Corporation, X-FAB Semiconductor, GLOBALFOUNDRIES, Hitachi, SiriusXM, Freescale, RushC, Cavium, Tejas Networks, National Instruments, Nexus Technology, Allegro Microsystems, Ericsson, Open-Silicon, STMicroelectronics, Dialog Semiconductor and many others.

Cadence Design Systems Market Opportunities, M&A and Geo Expansions

In October 2023 Cadence completed its acquisition of Intrinsix Corporation from CEVA, Inc. This acquisition brings Cadence a talented engineering team specializing in advanced nodes, radio frequency, mixed signal, and security algorithms. It strengthens Cadence's system and IC design services team and extends its presence in critical high-growth sectors, notably aerospace and defense.

Integration of Jasper’s solutions with Cadence’s connected debug analysis and software and hardware verification platforms will improve customers’ ability to leverage Cadence’s unified verification planning, metric-driven verification flow, and extensive dynamic and formal Verification IP portfolio for embedded processor system verification.

Whit the acquisition of Rocketick Technologies, Ltd., Cadence accelerated Incisive Enterprise Simulator to provide up to 6X speed-up for register-transfer-level (RTL), up to 10X speed-up for gate-level functional and up to 30X speed-up for gate-level DFT simulations using standard multicore servers.

Cadence Design Systems Risks and Challenges

Cadence is obligated to adhere to both US regulations and those of other countries when selling, shipping, or transferring its products and technology internationally. Any alterations in these regulations, stemming from shifts in trade dynamics with the US—such as the implementation of new tariffs, trade protection measures, import/export licensing prerequisites, sanctions, embargoes, or other trade impediments—could potentially impact Cadence's business, financial standing, or operational outcomes.

Cadence Design Systems Ecosystem, Partners, Resellers and SI

Cadence typically promotes its products and delivers services to current and potential clients through a direct sales team comprising sales representatives and application engineers. Additionally, Cadence utilizes a third-party distributor to market its offerings to specific clientele in Japan. With a presence in 52 sales offices, design centers, and research and development facilities, roughly 70% of Cadence's locations are situated outside the United States.

Cadence Design Systems Cloud Infrastructure Insights

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• Cadence Design Systems Public Cloud and Infrastructure (IaaS)
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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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