Cadence Design Systems Inc. (CDNS)USD

Cadence Design Systems is an American technology company that develops electronic design automation (EDA) software, hardware, and semiconductor IP used to design integrated circuits, systems-on-chip, printed circuit boards, and electronic systems. The company was formed in 1988 through the merger of SDA Systems and ECAD. Its origins trace back to Solomon Design Automation, founded in 1983 in San Jose, California. Cadence is publicly traded on the NASDAQ stock exchange under the ticker CDNS and is a component of both the Nasdaq-100 and S&P 500 indices. Its products and platforms include Virtuoso for custom and analog IC design, Innovus for digital IC design, Xcelium for logic simulation, Jasper for formal verification, and Palladium and Protium for emulation and prototyping. The company organizes its business around three main product groupings: Core EDA, Semiconductor IP, and System Design and Analysis. Cadence operates in the EDA and computational software sector, selling to semiconductor and electronics companies worldwide. It is one of the largest providers of tools and IP that engineers use to develop chips and electronic systems.