Cadence AI cuts chip timelines
Cadence Design Systems announced that it expects India's semiconductor startup ecosystem to rival that of the US within a decade, according to Paul Cunningham. The company reported an 18% year-on-year increase in core electronic design automation revenue, driven by AI demand, and raised its 2026 revenue outlook to $6.26-$6.34 billion. Cadence plans to expand its India workforce to support this growth.