Cadence (NASDAQ:CDNS) today announced that it has completed the previously announced acquisition of the Arm Artisan foundation IP business, consisting of standard cell libraries, memory compilers, and general-purpose I/Os (GPIOs) optimized for advanced process nodes at the leading foundries. The acquisition will augment Cadence's expanding design IP offerings, anchored by a leading portfolio of protocol and interface IP, memory interface IP, and SerDes IP at advanced nodes. Cadence is reinforcing its commitment to improving customers' time to market and optimizing cost, power, and performance by expanding its presence in SoC designs, especially with the world's leading foundry processes.

The acquisition is expected to be immaterial to revenue and earnings this year. More information can be found at https://www.cadence.com/en_US/home/tools/silicon-solutions/artisan-ip.html.

About Cadence

Cadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the engineering design of silicon to systems. Our design solutions, based on Cadence's Intelligent System Design^™ strategy, are essential for the world's leading semiconductor and systems companies to build their next-generation products from chips to full electromechanical systems that serve a wide range of markets, including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics. In 2024, Cadence was recognized by the Wall Street Journal as one of the world's top 100 best-managed companies. Cadence solutions offer limitless opportunities—learn more at www.cadence.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Cadence's product offerings, technologies and business strategy and expected benefits from the acquisition. Forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict, "may," "will," "might," "could," "intend," "shall" and variations of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence's control. For example, the markets for relevant products and services may develop more slowly than expected or than they have in the past; operating results and cash flows may fluctuate more than expected; Cadence may fail to successfully integrate the acquired business; Cadence may fail to realize the anticipated benefits of the acquisition; Cadence may incur unanticipated costs or other liabilities in connection with the acquisition; the consummation of the acquisition may negatively impact relationships with third parties, including employees, customers, partners and competitors; Cadence may be unable to motivate and retain key personnel; changes in or failure to comply with legislation or government regulations could affect Cadence's business, operating results, reputation and financial condition; and macroeconomic and geopolitical conditions could deteriorate. Further information on potential factors that could impact the anticipated benefits of acquisition is included in Cadence's most recent annual report on Form 10-K, its subsequent quarterly reports on Form 10-Q and its other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent Cadence's views as of the date of this press release, and Cadence disclaims any obligation to update any of them publicly in light of new information or future events.

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Cadence Completes Acquisition of Arm Artisan Foundation IP Business