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>>> Cadence Design Systems, Inc. (NASDAQ:CDNS)

https://finance.yahoo.com/news/cadence-design-systems-inc-cdns-220153503.html

Number of Hedge Fund Holders: 53

Cadence Design Systems, Inc. (NASDAQ:CDNS) is an American multinational technology and computational software company that delivers hardware, software, and IP for electronic design. On January 22, the leading EDA and Intelligent System Design provider announced that MediaTek, a Taiwanese semiconductor company, has adopted Cadence’s AI-driven tools Cadence® Virtuoso® Studio and Spectre® X Simulator on the NVIDIA accelerated computing platform for its 2nm development. MediaTek will be leveraging Cadence’s AI-driven custom/analog design solutions to achieve a 30% productivity gain, resulting in faster and more accurate chip design processes.

“MediaTek’s validation of our latest Virtuoso Studio release and Spectre X Simulator on NVIDIA’s accelerated computing platform demonstrates that Cadence’s continued investment in enhancing our industry-leading custom design solutions and AI tools is a game changer for our customers’ most challenging 2nm designs. Bringing the power of AI and GPUs to Spectre X enables MediaTek to solve its large-scale verification simulation challenges even more quickly, without sacrificing accuracy”.

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