Cadence and Philips Semiconductors Expand Relationship in $35 Million Deal.BRACKNELL, United Kingdom--(BUSINESS WIRE)--May 18, 1999-- Further Development of Long-Term Partnership Endorses Leadership Position of Cadence Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. Inc. (NYSE NYSE See: New York Stock Exchange :CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) and Philips Semiconductors today announced a $35 million deal, which continues the Cadence role as Philips Semiconductors' primary supplier of electronic design automation (EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. ) tools. The two-year agreement, which extends the companies' existing relationship, encompasses the broad spectrum of Cadence technology offerings. Among the new products included in the deal is the Envisia Ambit (language) AMBIT - Algebraic Manipulation by Identity Translation (also claimed: "Acronym May Be Ignored Totally"). An early pattern-matching language, developed by C. Christensen of Massachusetts Computer Assocs in 1964, aimed at algebraic manipulation. synthesis tool, a signoff-quality, fast, full-chip timing engine that enables high-capacity and high-performance chip-level synthesis. Philips Semiconductors will use design tools from Cadence to maintain its leadership position as a supplier of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. (ICs) for applications in consumer, telecommunication, multimedia, and automotive electronics. The company has a significant market position with chipsets for TV, audio, wired and wireless telephony telephony without wires, usually employing electric waves of high frequency emitted from an oscillator or generator, as in wireless telegraphy. A telephone transmitter causes fluctuations in these waves, it being the fluctuations only which affect the receiver. See also: Wireless , computer monitors, desk-top video, and PC peripherals, and is a world leader in one-chip TV products. Philips Semiconductors will use Cadence tools to meet the challenges of deep sub-micron design. It currently uses a 0.25um manufacturing process for mainstream production and is making the transition to 0.18um in the next 12 to 18 months. "After reviewing current market offerings, Philips Semiconductors is convinced that Cadence remains the best-in-breed partner for EDA. The company's ongoing investment in its tools -- in terms of both research and development, and acquisition -- make Cadence a natural partner to aide Philips Semiconductors in continuing to provide customers with the world's most advanced capabilities," said Lambert van den Hoven, manager design technology, Philips Semiconductors. "This deal reinforces our leadership position within the EDA market. The extension of our valuable relationship with Philips Semiconductors demonstrates Cadence's ability to maintain a competitive edge and provides a significant endorsement for our recently introduced technology," said Kevin Bushby, vice president and general manager, Cadence Europe. About Philips Semiconductors Philips Semiconductors, a division of Royal Philips Electronics, headquartered in Eindhoven, The Netherlands, is the eighth largest semiconductor supplier in the world. Philips Semiconductors' innovations in digital audio, video, and mobile technology position the company as a leader in the consumer, multimedia, and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. markets. Sales offices are located in all major markets around the world and are supported by systems labs. For more information on Philips Semiconductors, visit us on the web: www.semiconductors.philips.com About Cadence Cadence is the largest supplier of software products, consulting services, and design services used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With more than 4,000 employees and 1998 annual sales of $1.2 billion, Cadence has sales offices, design centers, and research facilities around the world. The Company is headquartered in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. And traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CDN. More information about the company, its products and services may be obtained from the World Wide Web at http://www.cadence.com. |
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