Cadence Design Systems Inc (NASDAQ: CDNS) is betting on growth from automakers and other chip users strapped by the global supply crisis, Reuters reports. Cadence is a microchip design software maker. The chipmakers face mounting competition from chips made by Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL). The report added that Cadence and rivals Synopsys Inc (NASDAQ: SNPS) and Siemens EDA are at the center of a microchip industry shift. Cloud computing providers, software makers, and ot
The strategic partnership comes amid tight competition in the e-commerce space in China with players like Pinduoduo, Alibaba Group Holding and Douyin. The deal will let Shopify merchants sell on JD's cross-border platform JD Worldwide and open up access to its 550 million active customers in China, the companies said.
Microchip design software maker Cadence Design Systems Inc is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc and Apple Inc that design their own chips. Cadence and rivals Synopsys Inc and Siemens EDA are at the center of a microchip industry shift as cloud computing providers, software makers and others who traditionally have bought semiconductors from a few big companies now want to draw up their chips own in-house. Tesla, Apple and Alphabet Inc's Google are among the leaders of in-house design.