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Stock impact report

Cadence Creates First “True Hybrid” Cloud For Designers [Forbes]

Synopsys, Inc. (SNPS) 
Last synopsys, inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Forbes
When creating a new chip, design teams currently have to chose whether a specific task in the EDA workflow (design, verification, emulation, PCB layout, ...) will run in their own data center, where they can control security and resource utilization, or in the cloud where they have access to practically unlimited elastic compute resources. To do the former, they must spend capital on an expensive, and limited, compute infrastructure. To do the latter, they need to upload massive data files to the cloud, which takes time and costs money. Both Cadence and Synopsys have extensive cloud solution portfolios, both in public clouds and their own managed client-facing clouds. In fact, Cadence already enjoys a significant following of their current cloud offering, with over 350 customers using the Cadence Cloud portfolio for their electronic design work. And the Cadence Cloud is indeed secure: the portfolio is ISO/IEC 27001:2013 and ISO/IEC 27017:2015 security certified and follows the Clou Show less Read more
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