Cadence Design Systems, Inc. (Nasdaq: CDNS) and CEVA, Inc. (Nasdaq: CEVA) have finalized the acquisition of Intrinsix Corporation, a move aimed at augmenting Cadence’s capabilities in advanced nodes, radio frequency, mixed-signal, and security algorithms. The acquisition significantly bolsters Cadence’s engineering prowess, enabling the company to enhance its system and IC design services team. Moreover, it expands Cadence’s influence in critical high-growth sectors, notably aerospace and defense.
The integration of Intrinsix’s skilled engineering team equips Cadence with specialized knowledge essential for navigating the complexities of advanced technologies. This strategic move underscores Cadence’s commitment to strengthening its position in the ever-evolving landscape of electronic design. The acquisition aligns with Cadence’s Intelligent System Design strategy, facilitating the conversion of innovative design concepts into tangible products.
