Cadence Design Systems Inc (NASDAQ:CDNS) Signs First EDA Agreement With ARM Holding (NASDAQ:ARMH)

Boston, MA 05/21/2014 (wallstreetpr) – On Tuesday, Cadence Design Systems Inc (NASDAQ:CDNS), which develops electronic design automation (EDA), hardware, software and silicon intellectual property (IP) announced that it has entered into its first EDA Technology Access deal with ARM Holding (NASDAQ:ARMH). Under the agreement, Cadence will be allowed to access the ARM’s Cortex-A50 processor series, which is built on ARM64 bit architecture.

World-Class Technology

In addition to this, the agreement will also give Cadence access to ARM’s 32-bit processor technology, Graphic processor units (GPU), ARM Artisan libraries and System IP. The technological integration of the two company will further help both Cadence Design Systems Inc (NASDAQ:CDNS) and ARM to bring high performance driven world-class technology applications that are energy efficient to mobile, storage, networking, automotive and other end market products.

Commenting on the development, ARM’s executive vice president and president of its product groups, Pete Hutton said that the company is committed to give power in the hands of its designers,developers and engineers to create innovations around ARM technology; while making way for a fast and consistent route to market. He added that the agreement will lead to enhanced tools, IP physical libraries which will help to fast-track the disposition of ARM’s most superior technologies. Hutton believes that this will be a huge lift to mobile devices developers and servers and to the rapidly growing market for the Internet of Things.

Key Terms

Some of the key features of this collaboration include expanding Cadence Design Systems Inc (NASDAQ:CDNS)’s ARM centered solution to give 64-bit enhanced flows and tools. Further, the right to use ARM IP will enable Cadence to enhance debug, increase performance and supply an efficient process. In addition to this, the agreement includes several other features like broadening of present ARM based system verification, Automated performance analysis and environment verification. Also, the arrangement would facilitate training to common clients on usage of Cadence tools with that of ARM.

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Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.

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