Cadence Design Systems to buy CEVA's unit
Cadence Design Systems (NASDAQ:CDNS) said on Wednesday, it will buy design engineering solutions firm Intrinsix from CEVA (CEVA).
The deal will help CDNS to access an engineering team specializing in advanced nodes, radio frequency, mixed signals and security algorithms.
The acquisition is expected to be immaterial to revenue and earnings this year for CDNS.

âThrough the acquisition of Intrinsix, we will scale our system and IC design services team to support customers in key high-growth verticals like the aerospace and defense industry,â said Neil Zaman, senior vice president and chief revenue officer at Cadence (CDNS).


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