PITTSBURGH, Nov. 12, 2019 /PRNewswire/ -- Carnegie Mellon University (CMU) today announced
that Cadence Design Systems, Inc. (Nasdaq:CDNS) and its CEO, Lip-Bu
Tan, have made significant gifts of $3
million each to support faculty members working in
computer-related fields at CMU.
Cadence, a leading multinational company in the electronic
design automation industry, has created the Cadence Design Systems
Endowed Chair in Computer Science. Tan and his wife, Ysa Loo, have created the Tan Family Endowed
Chair in Electrical and Computer Engineering (ECE). Together, the
gifts total $6 million, which will
provide funding to advance faculty members' activities, including
research and teaching.
"Exceptional people with pioneering ideas have fueled
Carnegie Mellon's game-changing
research and education from the very beginning, so investing in
human capital development is one of the most important ways that we
can retain our global leadership," CMU President Farnam Jahanian said. "Endowed professorships
provide a singularly powerful tool to support these bright minds,
and we are grateful to Cadence, Lip-Bu and Ysa for their
exceptional generosity toward this critical priority."
Cadence's products are used by electronic systems and
semiconductor companies to create innovative and transformational
end products. Cadence's Academic Network Program, of which CMU
is a member, promotes the proliferation of technology expertise
among selected universities, research institutes and industry
advisors in the area of microelectronic systems development.
"Cadence is privileged to institute an endowed chair in the
School of Computer Science," said John
Shoven, chairman of the Board of Directors of Cadence Design
Systems. "We are fortunate to have many CMU CS graduates on our
Cadence team and look forward to enabling the advancement of
faculty members' research priorities."
"The connection between Cadence's work and computer science
cannot be overstated," said Martial
Hebert, dean of the School of Computer Science. "This new
professorship is another indication of the deepening connections
among computer science, electronic design automation and related
areas."
Tan has been the CEO of Cadence since 2009 and joined the
company's board of directors in 2004. He is also the founder and
chairman of Walden International, a venture capital firm, which he
launched in 1987. He is a member of The Business Council and serves
on the board of directors of Hewlett Packard Enterprise Company and
Schneider Electric SE.
Tan also serves on CMU's Board of Trustees and is a member of
the College of Engineering's Dean's Advisory Council. The couple's
two sons, Andrew and Elliott, both received their master's degrees
from CMU's College of Engineering.
"Carnegie Mellon's ECE department
has provided world-class education and an incredible learning
experience to our two sons," Tan said. "Ysa and I are delighted to
support the ECE department as it continues pushing the frontiers of
cutting-edge, innovative research."
Tan and Loo previously endowed a graduate student fellowship in
the Department of Electrical and Computer Engineering.
"I'm excited by the opportunity to recognize and support one of
our star faculty as the Tan Family Professor in ECE," said
Jon Cagan, interim dean of the
College of Engineering. "We deeply value the additional support of
research in the college by Lip-Bu Tan and his family."
ABOUT CMU
Carnegie Mellon (www.cmu.edu) is a
private, internationally ranked university with programs in areas
ranging from science, technology and business to public policy, the
humanities and the arts. More than 14,000 students in the
university's seven schools and colleges benefit from a small
faculty-to-student ratio and an education characterized by its
focus on creating and implementing solutions for real world
problems, interdisciplinary collaboration and innovation.
With more than 1,100 students, the Electrical and Computer
Engineering Department is the largest in the College of
Engineering. This year, its highly regarded programs were ranked by
U.S. News & World Report at #2 for computer engineering and #8
for electrical engineering for undergraduate education, and #3 for
computer engineering and #8 for electrical engineering for graduate
education.
The School of Computer Science is consistently ranked among the
top programs in the world, including most recently at #1 for both
computer science overall and artificial intelligence by U.S. News
& World Report. The school, with more than 2,400 enrolled
students, recently introduced the first major in artificial
intelligence in the U.S.
ABOUT CADENCE
Cadence enables electronic systems and semiconductor companies
to create the innovative end products that are transforming the way
people live, work and play.
Cadence® software, hardware and
semiconductor (IP) are used by customers to deliver products to
market faster. The company's Intelligent System Design strategy
helps customers develop differentiated products—from chips to
boards to intelligent systems—in mobile, consumer, cloud, data
center, automotive, aerospace, IoT, industrial and other market
segments. Cadence is listed as one of Fortune Magazine's 100 Best
Companies to Work For. Learn more at www.cadence.com.
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