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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cadence Design Systems, Inc.    CDNS

CADENCE DESIGN SYSTEMS, INC.

(CDNS)
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Cadence Design : Announces Broad IP Collaboration With GLOBALFOUNDRIES on 12LP/12LP+ Solutions

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09/24/2020 | 12:06pm EDT

IP addresses need for advanced SoC designs in hyperscale, industrial, and aerospace and defense markets

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced broad IP collaboration with GLOBALFOUNDRIES® (GF®) on the 12LP platform and 12LP+ solution encompassing support for advanced memory interfaces including DDR4, DDR5, GDDR6, LPDDR4X and LPDDR5, as well as chiplet-based PHY IP and Cadence’s flagship 16G multi-protocol SerDes. The first product on the GF 12LP platform is the Cadence® 16G Multi-Link and Multi-Protocol PHY, which is based on a high-performance multi-protocol architecture already well-proven in high volume production. For more information on the broad Cadence design IP portfolio, visit www.cadence.com/go/gfipcollaboration.

“GF is working closely with Cadence to enable high-performance SerDes and advanced memory interfaces to support our mutual customers building advanced SoCs for high-performance computing, aerospace and defense applications, cloud/data center servers, AI accelerators, and wired and wireless networking applications, as well as designers and customers leveraging die-to-die connectivity and pursuing chiplet architectures,” said Mark Ireland, vice president of ecosystem and design solutions at GF. “The combination of our 12LP platform, specialized 12LP+ FinFET solution offerings, and Cadence design IP enables our mutual customers to win in their respective markets through fast and efficient development and certification of their complex SoCs with compelling performance, power, and area results.”

“Cadence is making significant investments in enabling advanced IP. Together with GF, we are delivering mature, silicon-proven high-performance IP solutions that meet the needs of market-leading industrial and aerospace and defense companies,” said Rishi Chugh, vice president of product marketing, IP Group at Cadence. “Our expanding IP portfolio on the GF 12LP/LP+ process node unlocks a new set of customers for Cadence, allowing us to help accelerate development and time to market for their next-generation SoCs.”

GF’s most advanced FinFET solution, 12LP+ builds upon GF’s established 14nm/12LP platform, of which GF has shipped more than one million wafers. By partnering closely and learning from AI customers, GF developed 12LP+ to provide greater differentiation and increased value for designers in the AI space while further minimizing their development and production costs.

Cadence’s broad design IP portfolio also supports the company’s Intelligent System Design strategy, delivering SoC design excellence.

Availability

The Cadence flagship 16G multi-protocol PHY supporting PCI Express® (PCIe®) 4.0 and 10G-KR on the GF 12LP process is available now. Advanced memory IP supporting the DDR4, DDR5, LPDDR4X, LPDDR5 and GDDR6 protocols, as well as chiplet-based PHY IP and high-performance SerDes IP for GF’s 12LP+ solution is in development, and design kits are expected to be available in 1H of 2021.

About Cadence

Cadence is a pivotal leader in electronic design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications including consumer, hyperscale computing, 5G communications, automotive, aerospace, industrial and healthcare. For six years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

© 2020 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. PCI Express and PCIe are registered trademarks or trademarks of PCI-SIG. All other trademarks are the property of their respective owners.

© Business Wire 2020

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Financials (USD)
Sales 2020 2 655 M - -
Net income 2020 563 M - -
Net cash 2020 663 M - -
P/E ratio 2020 54,5x
Yield 2020 -
Capitalization 30 507 M 30 507 M -
EV / Sales 2020 11,2x
EV / Sales 2021 10,3x
Nbr of Employees 8 100
Free-Float 83,9%
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Cadence Design Systems, Inc. Technical Analysis Chart | CDNS | US1273871087 | MarketScreener
Technical analysis trends CADENCE DESIGN SYSTEMS, INC.
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 119,93 $
Last Close Price 109,37 $
Spread / Highest target 23,4%
Spread / Average Target 9,65%
Spread / Lowest Target -36,0%
EPS Revisions
Managers
NameTitle
Lip Bu Tan Chief Executive Officer & Director
Anirudh Devgan President
John B. Shoven Chairman
John M. Wall Chief Financial Officer & Senior Vice President
Neil Kole Chief Information Officer & Senior Vice President
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