Cadence Design Systems Inc (Cadence) is a provider of electronic system design software and intellectual property. It develops and delivers software and hardware for designing integrated circuits, system on chip (SoC) and printed circuit boards. The company enables customers to design increasingly small and complex Integrated Circuits (ICs) and electronic devices. The company’s solutions are designed to help customers reduce the time to bring an IC or electronic device to market, and reduce their design, development, and manufacturing cost.

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Cadence’s R&D arm focuses on innovating, commercializing of new products and solutions. It also aims to enhance and maintain its existing products and solutions. The company intends to continuously adapt its products to solve new and increased physics challenges. It focuses on technical developments for customers, satisfy industry standards and meet the increasing demand of its customer, productivity, quality and requirements. In FY2023, the company incurred an expenditure of US$1,441.8 million on its R&D activities, which as a percentage of revenue stood at 35.2%.