Cadence Forms Strategic Alliance With National Instruments
Zacks Investment Research | Dec 02, 2019 09:24PM ET
Cadence Design Systems, Inc. (NASDAQ:CDNS) entered into a strategic alliance with National Instruments Corporation (NASDAQ:NATI) to augment electronic system innovation. Through this collaboration, the companies plan to develop an integrated design to test flow, leverage reusable data as well as test IP from electronics design and verification to validation and production test for electronic system and semiconductor companies.
The alliance extends the association between Cadence and National Instruments that began in 2018. The collaboration was aimed toward semiconductor development and testing of next-generation wireless, automotive as well as mobile integrated circuits (ICs) and modules.
In addition to the strategic alliance, Cadence also announced that it will acquire AWR Corporation, which is a wholly-owned subsidiary of National Instruments. Cadence is likely to pay nearly $160 million in cash at closing of the deal. Also 110 employees from AWR are expected to join Cadence.
Details of the Deal
The collaboration between Cadence and National Instruments is likely to provide consumers with a seamless flow of data from pre-silicon mixed-signal design as well as verification to post-silicon validation and test. It is also likely to enable re-use of mixed-signal testbenches and stimulus from pre-silicon design verification to post-silicon validation and production test.
The agreement is anticipated to augment technology, methodology and intellectual property of the parties. This will likely streamline the process for electronics development. Moreover, the deal will combine National Instruments’ strength in semiconductor validation and test systems with Cadence’s technological capabilities in analog mixed-signal and radio-frequency (RF) design.
Cadence Design Systems, Inc. Price and Consensus
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.