National Instruments Corporation (Nasdaq: NATI) and Cadence
Design Systems, Inc. (Nasdaq: CDNS) today announced a system
innovation strategic alliance to create an integrated design to
test flow, leveraging reusable data and test IP from electronics
design and verification to validation and production test for
electronic system and semiconductor companies. This strategic
alliance builds upon the broad-ranging collaboration that National
Instruments (NI) and Cadence initiated in 2018 to improve the
overall semiconductor development and testing of next-generation
wireless, automotive and mobile integrated circuits (ICs) and
modules. Through the strategic alliance agreement, NI and Cadence
expect the joint development of technology, methodology and
intellectual property to streamline electronics development.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191202005894/en/
The objective is to provide customers with a seamless flow from
pre-silicon development to post-silicon test, leveraging design,
verification and analysis data between Cadence and NI technologies.
The collaboration is anchored in analog, mixed-signal and RF
integrations around the Cadence® Virtuoso® and Spectre® platforms,
and physical data from the NI LabVIEW and PXI modular
instrumentation systems, which customers can use to enhance system
design via a comprehensive flow from concept to volume production
to help them achieve faster time to market and lower overall
costs.
“The rapid product expansion in the wireless, consumer,
automotive, and aerospace and defense market segments calls for an
accelerated pace of system innovation and collaboration,” said Lip
Bu Tan, chief executive officer at Cadence. “By working even more
closely with NI on this strategic alliance, we aim to deliver an
integrated flow from pre-silicon mixed-signal design and
verification to post-silicon validation and test, shortening the
overall time to electronic product creation.”
Cadence and NI also plan to collaborate to define and build a
common, connected flow enabling re-use of mixed-signal testbenches
and stimulus from pre-silicon design verification to post-silicon
validation and production test. Reusable test IP helps customers
accelerate their time to market and reduce errors. A goal of the
collaboration is to better integrate flows for analog/mixed-signal
and RF ICs and modules from design to test.
“Cadence is the ideal partner for National Instruments as we
work together to define the next generation of design to test
methodology,” said Alex Davern, chief executive officer at National
Instruments. “By combining NI’s advanced semiconductor validation
and test systems with Cadence’s industry-leading technology in
analog mixed-signal and RF design and verification, we can help our
customers accelerate time to market, reduce costs and improve
product quality. We look forward to working with Cadence to make
this vision a reality in a fast-paced environment.”
In addition to the strategic alliance agreement, Cadence and NI
have entered into a definitive agreement pursuant to which Cadence
expects to acquire AWR Corporation, a wholly owned subsidiary of
NI. For more information, please visit ni.com/nati/news
About National Instruments
NI (ni.com) develops high-performance automated test and
automated measurement systems to help you solve your engineering
challenges now and into the future. Our open, software-defined
platform uses modular hardware and an expansive ecosystem to help
you turn powerful possibilities into real solutions. Learn more at
www.ni.com.
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.
National Instruments Forward-Looking Statements
This press release contains certain forward-looking statements
of NI, including statements regarding the expected benefits of the
strategic alliance with Cadence, that the alliance will create an
integrated design to test flow leveraging reusable data and test IP
from electronics design and verification to validation and
production test for electronic system and semiconductor companies,
that through the system innovation alliance agreement, NI and
Cadence expect the joint development of technology, methodology and
intellectual property to streamline electronics development, that
the objective is to provide customers with a seamless flow from
pre-silicon development to post-silicon test, the plan to
collaborate to define and build a common, connected flow enabling
re-use of mixed-signal testbenches and stimulus from pre-silicon
design verification to post-silicon validation and production test,
a goal of the collaboration being to better integrate flows for
analog/mixed-signal and RF ICs and modules from design to test,
that Cadence is the ideal partner for National Instruments as we
work together to define the next generation of design to test
methodology, and that we can help our customers accelerate time to
market, reduce costs and improve product quality. These
forward-looking statements are subject to numerous risks,
uncertainties and other factors, many of which are outside of the
control of NI, including, among others: the failure or inability of
Cadence or NI to meet the closing conditions or to otherwise
consummate the AWR acquisition transaction, the ability of the
parties to realize the expected benefits of the strategic alliance
agreement including the integrated product being tightly connected
with the NI LabVIEW and PXI modular instrumentation systems, the
risk of adverse changes or fluctuations in the global economy,
further adverse fluctuations in NI’s industry, foreign exchange
fluctuations, fluctuations in demand for NI products including
orders from NI’s large customers, component shortages, delays in
the release of new products, NI’s ability to effectively manage its
operating expenses, manufacturing inefficiencies and the level of
capacity utilization, the impact of any recent or future
acquisitions by NI, expense overruns, and adverse effects of price
changes or effective tax rates. Actual results may differ
materially from the expected results. NI directs readers to its
Form 10-K for the year ended Dec. 31, 2018, its Form 10-Q for the
quarter ended September 30, 2019 and the other documents it files
with the SEC for other risks associated with its future
performance. NI undertakes no obligation to update any
forward-looking statement in this press release. Stockholders are
cautioned not to place undue reliance on the forward-looking
statements herein, which speak only as of the date such statements
are made.
Cadence Forward-Looking Statements
This press release contains forward-looking statements,
including statements regarding the expected benefits to Cadence,
its products and its customers from the strategic alliance, that
are based on current expectations and preliminary assumptions that
are subject to factors and uncertainties that could cause actual
results to differ materially from those described in the
forward-looking statements. These forward-looking statements are
subject to a number of risks, uncertainties and other factors, many
of which are outside Cadence’s control, including the failure or
inability to close the acquisition of AWR Corporation by Cadence
and to realize the expected benefits of the strategic alliance
agreement, the changes in customer demands and markets, and other
risk factors set forth in Cadence’s most recent reports on Form
10-K and Form 10-Q. Cadence undertakes no obligation to update any
forward-looking statement in this press release.
© 2019 National Instruments Corporation and Cadence Design
Systems, Inc. All rights reserved worldwide.
National Instruments, NI, ni.com and LabVIEW are trademarks of
National Instruments. Other product and company names listed are
trademarks or trade names of their respective companies.
Cadence, the Cadence logo and the other Cadence marks found at
www.cadence.com/go/trademarks are trademarks or registered
trademarks of Cadence Design Systems, Inc. All other trademarks are
the property of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191202005894/en/
Cadence Newsroom 408-944-7039 newsroom@cadence.com
Marissa Vidaurri Head of Investor Relations, National
Instruments 512-773-0856 marissa.vidaurri@ni.com
Cadence Design Systems (NASDAQ:CDNS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cadence Design Systems (NASDAQ:CDNS)
Historical Stock Chart
From Apr 2023 to Apr 2024