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Cadence Design SystemsProvides electronic design automation software, semiconductor IP, and emulation and prototyping hardware (Palladium, Protium) for chip and system design.
2021-Q3-2026-Q2
2021-Q3-2026-Q2
1993-2025
$CDNS
Sells EDA tools, silicon IP, and the Palladium and Protium emulation and prototyping systems chip teams use to validate designs before tapeout. ~$5.8B annual revenue, with hardware emulation growing fastest as AI SoCs outgrow software simulation. The other half of the EDA duopoly with Synopsys, also pushing into system analysis and data center thermal and airflow simulation.