Press release
Cadence Completes Acquisition of Arm Artisan Foundation IP Business
SAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence (Nasdaq: CDNS) today announced that it has completed the previously announced acquisition of the Arm Artisan
About this update from Cadence Design Systems, Inc.
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nCadence (Nasdaq: CDNS) today announced that it has completed the previously announced acquisition of the Arm Artisan foundation IP business, consisting of standard cell libraries, memory compilers, and general-purpose I/Os (GPIOs) optimized for advanced process nodes at the leading foundries. The acquisition will augment Cadence’s expanding design IP offerings, anchored by a leading portfolio of protocol and interface IP, memory interface IP, and SerDes IP at advanced nodes. Cadence is reinforcing its commitment to improving customers’ time to market and optimizing cost, power, and performance by expanding its presence in SoC designs, especially with the world’s leading foundry processes.\n\n\nThe acquisition is expected to be immaterial to revenue and earnings this year. More information can be found at https://www.cadence.com/en_US/home/tools/silicon-solutions/artisan-ip.html.\n\n\nAbout Cadence\n\n\nCadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the engineering design of silicon to systems. Our design solutions, based on Cadence’s Intelligent System Design™ strategy, are essential for the world’s leading semiconductor and systems companies to build their next-generation products from chips to full electromechanical systems that serve a wide range of markets, including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics. In 2024, Cadence was recognized by the Wall Street Journal as one of the world’s top 100 best-managed companies. Cadence solutions offer limitless opportunities—learn more at www.cadence.com.\n\n\nForward-Looking Statements\n\n\nThis press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Cadence’s product offerings, technologies and business strategy and expected benefits from the acquisition. Forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict, “may,” “will,” “might,” “could,” “intend,” “shall” and variat...