CIMdata PLM Industry Summary Online Archive
18 March 2008
Company News
Cadence Expands and Accelerates Development in China
Cadence Design Systems, Inc. announced the expansion and relocation of its research and development center to Shanghai Pudong New District. The new center will be located in Zhangjiang High-Tech Park, a hub for the high-tech industry in eastern China with a growing number of semiconductor companies. The expansion of its research and development (R&D) force highlights Cadence's commitment to promote the development of the semiconductor industry in China. And with the new center, Cadence expects to attract more local and international IC and EDA talent to boost its R&D capabilities and, in turn, provide world-class service to the local customers.
In today's competitive market, R&D is key to sustained growth and business development. The new center in Shanghai, which facilitates, improves and accelerates new product development, can help Cadence fine-tune its products and services to meet local clients' requirements. The center will enhance Cadence's overall global R&D capability, and Cadence expects it to become an integral part of China's innovation ecosystem.
"As a 20-year-old company, the Cadence R&D center in Pudong has played a key role in the company's global R&D strategy and in the development of China's semiconductor industry," said Yin Hong, the vice president of Zhangjiang (Group) Company. "With the solid foundation built in the past years and the tremendous support from the government, Shanghai Zhangjiang High-Tech Park has become the wheel that drives forward China's technology development and original innovation. Along with the relocation of its R&D center to Zhangjiang's microelectronics hub, Cadence has increased its research staff and added new research equipment. It will be an opportunity for the park to enhance its software capabilities, both in terms of scale and quality."
"By expanding the R&D office in Shanghai Pudong New District, Cadence further demonstrates its commitment in China to be an integral part of our innovation ecosystem," said Ye Tianchun, director of the EDA Center of the China Academy of Science. "The expansion will position Cadence closer to customers, demonstrating the company's leadership in electronic design technology and enabling the delivery of holistic solutions to address customers' most pressing design challenges. We are looking forward to our continuing collaboration with Cadence."
"With its fast-growing semiconductor and electronic industries, China has always been a very important market for Cadence, and a crucial part of our global strategy," said Lung Chu, president of Cadence Asia Pacific and corporate vice president of Cadence Design System, Inc. "At Cadence we value the growth of our local customers, as well as our long-term partnership with local governments. Hence we consider the expansion of our Shanghai R&D center a definite next-step in our collaboration with the government, which allows us to better anticipate our customers' challenges and to provide higher-level services and products to meet their EDA needs."
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