CIMdata PLM Industry Summary Online Archive
21 March 2012
Company News
Cadence Opens Expanded Shanghai Sales Office and R&D Center
Cadence® Design Systems, Inc. announced the grand opening of an expanded Shanghai office, which includes more than 300 sales, R&D, and technical support employees. Lip-Bu Tan, president and chief executive officer of Cadence, hosted a ribbon-cutting ceremony to mark the occasion.
“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 chief executive officer 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 Shanghai Executive Vice Mayor Xiong Yang. "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," said Wenyi Zhang, chairman 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."
Cadence opened its first office in China in 1992 and in addition to the office in Shanghai, has since set up offices in Beijing, Chengdu and Shenzhen. The new Shanghai location, which is 22 % larger than the previous facilities and allows for future expansion, is located in the Kerry Parkside office development, a 2 million square feet mixed-use complex that encompasses residential, retail, food service and commercial office space.
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