{"id":782541,"date":"2023-09-07T13:35:38","date_gmt":"2023-09-07T17:35:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cadence-completes-acquisition-of-phy-ip-assets-from-rambus\/"},"modified":"2023-09-07T13:35:38","modified_gmt":"2023-09-07T17:35:38","slug":"cadence-completes-acquisition-of-phy-ip-assets-from-rambus","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cadence-completes-acquisition-of-phy-ip-assets-from-rambus\/","title":{"rendered":"Cadence Completes Acquisition of PHY IP Assets from Rambus"},"content":{"rendered":"

<\/p>\n

Cadence Completes Acquisition of PHY IP Assets from Rambus<\/b><\/p>\n

SAN JOSE, Calif.–(BUSINESS WIRE<\/a>)–
\nCadence Design Systems, Inc. (Nasdaq: CDNS) announced today that it has completed the previously announced acquisition<\/a> of the SerDes and memory interface PHY IP business from Rambus Inc. With the continued proliferation of AI, data center and hyperscale applications, CPU architectures, and networking devices, the technology asset purchase enriches Cadence\u2019s established IP portfolio and augments the company\u2019s Intelligent System Design\u2122<\/span><\/sup> strategy, which drives design excellence. The acquisition also comes with the addition of experienced PHY engineering teams in the United States, India and Canada, further expanding Cadence\u2019s domain-rich talent base.<\/p>\n

About Cadence<\/b><\/p>\n

\nCadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence\u00ae<\/sup> customers are the world\u2019s most innovative companies, delivering extraordinary products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For nine years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at www.cadence.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Cadence\u2019s product development, business strategy and industry trends and talent base. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as \u201cexpect,\u201d \u201canticipate,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201chope,\u201d \u201ctarget,\u201d \u201cproject,\u201d \u201cgoals,\u201d \u201cestimate,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cmight,\u201d \u201ccould,\u201d \u201cintend,\u201d \u201cshall\u201d and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence\u2019s control. For example, the market for Cadence\u2019s products may develop more slowly than expected or than it has in the past; Cadence\u2019s operating results may fluctuate more than expected, there may be significant fluctuations in Cadence\u2019s results of operations and cash flows related to Cadence\u2019s revenue recognition or otherwise; a network or data security incident that allows unauthorized access to Cadence\u2019s network or data or Cadence\u2019s customers\u2019 data could damage Cadence\u2019s reputation; risks associated with tax liabilities or changes in U.S. federal tax laws or interpretations to which the acquisition or parties thereto are subject; Cadence may fail to successfully integrate the Rambus SerDes and memory interface PHY IP business (the \u201cBusiness\u201d); Cadence may fail to realize the anticipated benefits of any combined operations with the Business; Cadence may experience unanticipated costs of integrating the Business; the potential impact of the acquisition on relationships with third parties, including employees, customers, partners and competitors; Cadence may be unable to retain key personnel; changes in legislation or government regulations could affect the Business; and global economic conditions could deteriorate. Further information on potential factors that could affect Cadence\u2019s ability to successfully integrate the Business or otherwise realize the anticipated benefits of the acquisition is included in Cadence\u2019s most recent reports on Form 10-K and Form 10-Q and Cadence\u2019s other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent Cadence\u2019s views as of the date of this press release, and Cadence undertakes no obligation to update any forward-looking statement in this press release.<\/p>\n

\u00a9 2023 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at <\/i>www.cadence.com\/go\/trademarks<\/i><\/a>are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.<\/i><\/p>\n

\nCategory: Featured<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230907841826\/en\/<\/a><\/span><\/p>\n

For more information, please contact:<\/b><\/p>\n

\nCadence Newsroom
\n
408-944-7039
\n
newsroom@cadence.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> 5G Software Internet Hardware Electronic Design Automation Data Management Technology Semiconductor<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Cadence Completes Acquisition of PHY IP Assets from Rambus SAN JOSE, Calif.–(BUSINESS WIRE)– Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that it has completed the previously announced acquisition of the SerDes and memory interface PHY IP business from Rambus Inc. With the continued proliferation of AI, data center and hyperscale applications, CPU architectures, and networking devices, the technology asset purchase enriches Cadence\u2019s established IP portfolio and augments the company\u2019s Intelligent System Design\u2122 strategy, which drives design excellence. The acquisition also comes with the addition of experienced PHY engineering teams in the United States, India and Canada, further expanding Cadence\u2019s domain-rich talent base. About Cadence Cadence is a pivotal leader in electronic systems design, building upon more than 30 years … <\/p>\n

Continue reading “Cadence Completes Acquisition of PHY IP Assets from Rambus”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-782541","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCadence Completes Acquisition of PHY IP Assets from Rambus - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cadence-completes-acquisition-of-phy-ip-assets-from-rambus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cadence Completes Acquisition of PHY IP Assets from Rambus - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cadence Completes Acquisition of PHY IP Assets from Rambus SAN JOSE, Calif.–(BUSINESS WIRE)– Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that it has completed the previously announced acquisition of the SerDes and memory interface PHY IP business from Rambus Inc. With the continued proliferation of AI, data center and hyperscale applications, CPU architectures, and networking devices, the technology asset purchase enriches Cadence\u2019s established IP portfolio and augments the company\u2019s Intelligent System Design\u2122 strategy, which drives design excellence. The acquisition also comes with the addition of experienced PHY engineering teams in the United States, India and Canada, further expanding Cadence\u2019s domain-rich talent base. 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