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Cadence opens R&D center, sales office in Shanghai

Posted: 28 Mar 2012 ?? ?Print Version ?Bookmark and Share

Keywords:R&D center? sales office? electronic design?

Cadence Design Systems Inc. has recently conducted a ribbon-cutting ceremony to mark the opening of its expanded office in Shanghai. According to the company, the office includes more than 300 sales, R&D and technical support employees that the company said support its initiative to aid customers and clients.

"The knowledge we have gained from having a presence in China for more than 20 years remains a unique advantage for Cadence," said Lip-Bu Tan, president and CEO of Cadence. "With the investment in a larger office in Shanghai, we will continue to build and deliver world-class design solutions to the IC industry. Through close collaboration with our customers and partners, we will support the accelerated growth of semiconductor and systems companies in Shanghai."

"Since the late 1990s, Shanghai has identified the IC industry as a leading, fundamental and strategic industry to be developed with a high priority," said Xiong Yang, executive vice mayor of Shanghai. "We are pleased that Cadence is increasing its investment in China along with other global IC industry leaders. All of these benefit the sustainable growth of our local IC industry."

"We anticipate that the new Cadence office in Shanghai will speed up development of next-generation design tools," expressed Wenyi Zhang, chair of SMIC. "Our collaboration with Cadence combines SMIC's strength in advanced process technologies with the industry-leading design tools that Cadence provides to help mutual customers solve their toughest design challenges."

The new Shanghai location, which is 22 percent larger than the previous facilities and allows for future expansion, is located in the Kerry Parkside office development. It is a two million square feet mixed-use complex that encompasses residential, retail, food service and commercial office space.

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