Boston, MA 10/04/2013 (wallstreetpr) – Cadence Design Systems Inc (NASDAQ:CDNS) has received 3 TSMC Partner of the Year Awards at the TSMC Open Innovation Platform forum. The most awards at this event have gone to the company. It was presented these 3 awards in 3 different categories: 1) analog/mixed signal IP, 2) 16nm FinFET design infrastructure, and 3) 3D-IC design solutions. These awards underscore the deep-collaboration between the 2 companies in bringing the highest-quality design capabilities to IC-designers across the world.
Cadence received the award in the “Analog/Mixed-Signal IP” segment. Winners of the IP award are selected based on TSMC9000 compliance, extensive customer feedback, the number of tape-outs, support and wafer-volume. Cadence Design Systems Inc (NASDAQ:CDNS) has a mature and vast offering of mixed/analog-signal IP such as 28nm IP designs.
Thursday’s trading
In Thursday’s trading, Cadence Design Systems Inc (NASDAQ:CDNS) dropped by 0.82%. The shares opened at a price of $13.37, climbed to an intraday high of $13.38 and dipped to a close of $13.25. Approximately 2.90 million shares were traded on Thursday while an average volume of 3.27 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $11.61 and its 52-week high is $15.96. The company has a market capitalization of $3.76billion.
About the company
Cadence Design Systems Inc (NASDAQ:CDNS) is involved in developing electronic-design automation, hardware, software, as well as silicon intellectual property. it licenses software as well as IP. It leases or sells hardware-technology and provides education and engineering services across the globe to help accelerate and manage electronics product-development processes. Its customers use its services and products to design & develop various complex integrated circuits and electronics-systems.
Cadence Design Systems Inc (NASDAQ:CDNS) combines its technologies and products into platforms for 4 design activities: 1) Functional Verification; 2) Digital IC Design and Implementation: 3) Custom IC Design and Verification, and 4) System Interconnect Design.
