SOURCE: CADENCE DESIGN SYSTEMS, INC.

April 28, 2008 03:00 ET

Cadence Partners With Brazilian Government to Open Brazil's First IC Design Training Center

World-Class Center Strengthens the Semiconductor Industry in Brazil; 3 Additional Joint Centers Planned

SAN JOSE, CA--(Marketwire - April 28, 2008) - Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic-design innovation, today opened a new integrated circuit (IC) design training center in partnership with the government of Brazil. The IC Brazil Training Center -- located in Porto Alegre, home to much of Brazil's high-tech industry -- is the first such high-tech training center in the country, and the first of four planned between Cadence and the Brazilian government.

Opening a training center underscores Cadence's commitment to support and facilitate the development of Brazil's semiconductor industry. With the new center in place, Cadence expects to provide commercial IC design training to more than 1,500 local IC design engineers over the next three years to increase Brazil's electronic design automation (EDA) capabilities and serve a growing IC infrastructure in the country. Cadence is developing the curriculum, providing the initial training and training the trainers to make the program self-supporting. Brazil, in turn, is providing scholarships to qualified university graduates to receive the training and prepare themselves for high-technology careers.

"We selected Cadence to develop and implement their training program to provide design engineers that are needed for Brazil's growing semiconductor industry," said Dr. Sergio Machado Rezende, Brazil's minister of science and technology. "Cadence design capabilities provide end-to-end solutions for customers, and their training ensures that the graduates will be able to serve customers in Brazil as well as the multinational companies that we expect will expand their operations into Brazil."

"Opening a design center in Brazil is a reflection of the Cadence approach to emerging markets," said Mike Fister, president and CEO, Cadence. "We have been at the forefront of emerging markets in India, China and Russia, and our ability to implement training programs and help build infrastructure has been tested around the world. We see opportunities in Brazil's growing local consumer market and want to support Brazil's drive to develop a robust IC industry in their country."

About Cadence

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2007 revenues of approximately $1.6 billion, and has approximately 5,100 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com

Cadence is a registered trademark, and the Cadence logo is a trademark of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

Contact Information

  • For more information, please contact:
    Nancy Szymanski
    Cadence Design Systems, Inc.
    415-420-5008
    nancy@cadence.com