Official Name: Cadence Design Systems, Inc.

Headquarters: San Jose, CA, United States

Founded: 1988

Employees: 9,300

CEO: Dr. Anirudh Devgan Ph.D.


Market Cap

$87.48 Billion

USD as of July 1, 2024

Market Cap History

Company Description

Cadence offers software, hardware, and integrated circuit (IC) design blocks globally. They provide functional verification services and hardware solutions for chip verification. The company's offerings span from digital IC design, signoff products, custom IC design, to system design analysis. They also supply intellectual property products for IC integration and offer methodology, education, and technical support services.

Cadence market capitalization over time

Evolution of Cadence Design Systems, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Cadence Design Systems, Inc.

Detailed Description

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

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Key People

Anirudh Devgan (President & CEO) Lip- Bu Tan (Executive Chairman)


Revenue: US$2.682 billion (2020)

Operating income: US$0.645 billion (2020)

Net income: US$0.590 billion (2020)

Total assets: US$3.950 billion (2020)

Total equity: US$2.493 billion (2020)



2655 Seely Avenue

Building 5

San Jose, CA 95134

United States

Phone: 408 943 1234

Fax: 408 428 5001