Cadence Completes Acquisition of Intrinsix

The company applies its underlying Intelligent System Design™ strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence® customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications, including consumer, hyperscale computing, 5G communications, automotive, mobile, aerospace, industrial and healthcare. CEVA provides Digital Signal Processors, AI engines, wireless platforms, cryptography cores and complementary embedded software for sensor fusion, image enhancement, computer vision, spatial audio, voice input and artificial intelligence. Leveraging its technologies, many of the world’s leading semiconductors, system companies and OEMs create power-efficient, intelligent, secure and connected devices for a range of end markets, including mobile, consumer, automotive, robotics, industrial and IoT. For example, the markets for its products and services may develop more slowly than expected or than they have in the past; its operating results and cash flows may fluctuate more than expected; a network or data security incident that allows unauthorized access to its networks or data or customers’ data could damage its reputation; risks associated with tax liabilities or changes in U.S. federal tax laws or interpretations to which the transaction or parties thereto are subject; Cadence may fail to successfully integrate Intrinsix; Cadence may fail to realize the anticipated benefits of the acquisition; Cadence may experience unanticipated costs of integrating Intrinsix; the impact of the consummation of the acquisition on relationships with third parties, including employees, customers, partners and competitors; Cadence may be unable to motivate and retain key personnel; changes in legislation or government regulations could affect the post-closing operations and results of operations; and macroeconomic and geopolitical conditions could deteriorate.