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Cadence Rolls Out LPDDR5 Solution, Expands IP Portfolio
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Cadence Design Systems, Inc. (CDNS - Free Report) recently rolled out LPDDR5 IP solution utilizing Taiwan Semiconductor Manufacturing Company’s (TSM - Free Report) 7-nanometer (nm) FinFET (Fin Field Effect Transistor) process technology.
Notably, Cadence Denali Gen2 IP, the “industry’s first” silicon-based as well as LPDDR5 (Low-Power Double Data Rate) standard IP solution, is available.
Features & Benefits
The latest LPDDR5 solution delivers almost 1.5X faster bandwidth when compared with the highest speed offered by “LPDDR4 and LPDDR4X.”
Further, the comprehensive solution features Denali DDR-based Cadence LPDDR5/4/4X controller, Verification IP (VIP), and PHY (physical interfaces).
The new solution provides higher bandwidth which facilitates complex technical applications. It assists developers to design chips which provide accelerated artificial intelligence (AI), Internet of Things (IoT), automotive, cryptocurrency mining, and mobile computing processes.
Notably, Cadence’s latest solution supports Arm company’s AMBA protocols. Consequently, it enables Arm to develop processors (utilizing LPDDR5 technology) with reduced time to market.
What Investors Should Know?
Notably, shares of Cadence have returned 48.2% in the past year, substantially outperforming the industry’s rally of 20.1%.
Cadence is benefiting from robust adoption of the company’s PCIe (peripheral component interconnect express) and DDR products in the IP segment. Moreover, the company is leaving no stone unturned to assist its customers in reducing time-to-market by accelerating their system-on-chip (“SoC”) design processes.
Furthermore, growing clout of Cadence’s IP solutions particularly in the automotive end-market holds promise given the significant growth prospect of the advanced driver assistance systems ("ADAS") market, which is estimated to be worth $91.83 billion by 2025, according to data from MarketAndMarkets.
Notably, in the last reported quarter, the company had announced its latest DDR5 test chip. Further, the company continues to roll out innovative interface and memory design IP solutions using TSMC's FinFET Compact process.
Synopsys and Symantec have a long-term earnings growth rate of 10% and 7.9%, respectively.
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Cadence Rolls Out LPDDR5 Solution, Expands IP Portfolio
Cadence Design Systems, Inc. (CDNS - Free Report) recently rolled out LPDDR5 IP solution utilizing Taiwan Semiconductor Manufacturing Company’s (TSM - Free Report) 7-nanometer (nm) FinFET (Fin Field Effect Transistor) process technology.
Notably, Cadence Denali Gen2 IP, the “industry’s first” silicon-based as well as LPDDR5 (Low-Power Double Data Rate) standard IP solution, is available.
Features & Benefits
The latest LPDDR5 solution delivers almost 1.5X faster bandwidth when compared with the highest speed offered by “LPDDR4 and LPDDR4X.”
Further, the comprehensive solution features Denali DDR-based Cadence LPDDR5/4/4X controller, Verification IP (VIP), and PHY (physical interfaces).
The new solution provides higher bandwidth which facilitates complex technical applications. It assists developers to design chips which provide accelerated artificial intelligence (AI), Internet of Things (IoT), automotive, cryptocurrency mining, and mobile computing processes.
Notably, Cadence’s latest solution supports Arm company’s AMBA protocols. Consequently, it enables Arm to develop processors (utilizing LPDDR5 technology) with reduced time to market.
What Investors Should Know?
Notably, shares of Cadence have returned 48.2% in the past year, substantially outperforming the industry’s rally of 20.1%.
Cadence is benefiting from robust adoption of the company’s PCIe (peripheral component interconnect express) and DDR products in the IP segment. Moreover, the company is leaving no stone unturned to assist its customers in reducing time-to-market by accelerating their system-on-chip (“SoC”) design processes.
Furthermore, growing clout of Cadence’s IP solutions particularly in the automotive end-market holds promise given the significant growth prospect of the advanced driver assistance systems ("ADAS") market, which is estimated to be worth $91.83 billion by 2025, according to data from MarketAndMarkets.
Notably, in the last reported quarter, the company had announced its latest DDR5 test chip. Further, the company continues to roll out innovative interface and memory design IP solutions using TSMC's FinFET Compact process.
Cadence Design Systems, Inc. Revenue (Quarterly)
Cadence Design Systems, Inc. Revenue (Quarterly) | Cadence Design Systems, Inc. Quote
We believe that incremental adoption of the offerings will favor financial performance of IP segment going ahead.
Zacks Rank & Other Key Picks
Currently, Cadence sports a Zacks Rank #1(Strong Buy).
Some other top-ranked stocks in the same industry are Synopsys, Inc. (SNPS - Free Report) and Symantec Corporation , both flaunting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Synopsys and Symantec have a long-term earnings growth rate of 10% and 7.9%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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