10 AI News Investors Shouldn’t Miss

4. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Number of Hedge Fund Holders: 53

Cadence Design Systems, Inc. (NASDAQ:CDNS) supplies software and specialized computer servers to leading AI-chip designers. On December 10, the company announced a collaboration with Rapidus Corporation to provide tools and technology that will help build advanced, energy-efficient chips. The collaboration will provide AI-driven design flows and a comprehensive portfolio to support the Rapidus 2nm gate-all-around (GAA) process, utilizing the advantages of Rapidus’ backside power delivery network (BSPDN) technology. The GAA and BSPDN are two manufacturing technologies that are helping build advanced chips.

“Our broad collaboration with Rapidus for 2nm GAA BSPDN technology leverages Cadence’s AI-driven solutions to solve real-world problems and meet customer needs. By bringing together Cadence’s advanced interface and memory IP technology, reference flows and Rapidus’ process technology, we’re empowering the buildout of the AI infrastructure of tomorrow.”

-Dr. Anirudh Devgan, president and CEO at Cadence.