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Cadence boosts Indian investment

Posted: 28 Feb 2003 ?? ?Print Version ?Bookmark and Share

Keywords:cadence? electronic design automation? eda tool? india?

Cadence Design Systems Inc. said it will invest an additional $50 million over the next three years to grow its operations in India. The investments will come on top of the $100 million the design automation company has already invested in the country.

Cadence began software development in Noida, near New Delhi, in 1987 and expanded that center a decade later to include customer support and development of information technology solutions. It now has a staff of 320 in the country and will double that head count in the next few years, making India the second-largest Cadence site outside the U.S.

Cadence's main competitor, Synopsys Inc., also has a major development center in India, as do chip giants Intel, Motorola, Analog Devices, Texas Instruments, and STMicroelectronics. The chip companies account for the bulk of EDA tool sales in India, although Indian design firms are gradually increasing in number.

"Over the years, India has come to play a very strategic role in the long-term success of Cadence," said president and CEO Ray Bingham. "Now India offers Cadence tremendous opportunities to grow and expand its scope of activities in product development and business."

Bingham said the center of gravity of the global semiconductor industry is fast shifting to the Asia-Pacific region, especially India and China. Cadence is keen on growing its operations in both nations, he said.

"Cadence has been investing in research and development continuously in the Asia-Pacific region since its establishment," said Matthew Chan, president for the Asia-Pacific region at Cadence. "Up to now, there have been R&D centers in India, Taiwan, and China."

- K.C. Krishnadas

EE Times

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