Cadence (CDNS) and GF Partner for Latest Silicon Photonic Designs

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Cadence Design Systems, Inc. CDNS recently collaborated with GlobalFoundries (“GF”) to accelerate the development of next-generation silicon photonic integrated circuit (IC) designs for 5G communications, large-scale computing, healthcare, automotive, the Internet of Things (IoT) and aerospace systems.

Photonics technology is now recognized as a necessary technology for the data center revolution and is rapidly being adopted in consumer electronics designs. Amid this changing scenario, the latest collaboration will optimize the Cadence photonics solution, an integrated electronics/photonics design automation environment, for the new GF Fotonix platform.

Alliance Benefits

With data being generated at an accelerating rate, there has been a rapid increase in power consumption by data centers around the world. However, companies are struggling to find an innovative solution to speed up data transmission while optimizing energy efficiency. In this scenario, GF’s new GF Fotonix platform – its widely disruptive next-generation monolithic platform – was designed to meet the ever-increasing need to process data faster using less power, while maintaining the company’s leadership in the fast-growing optical network module market.

The GF Fotonix platform is the industry’s first to combine complex processes that were previously spread across multiple chips onto a single chip. This was done by consolidating a high-performance photonics system, radio-frequency components, and complementary metal-oxide-semiconductor logic into a single silicon chip, delivering state-of-the-art performance at scale.

Through this alliance, Cadence’s comprehensive photonics solution, which supports the GF Fotonix platform, will provide customers with a production-proven design platform for electronics/photonics design, simulation and analysis. This will enable customers to streamline monolithic electrical and photonic IC designs by incorporating all key functionality into a single design platform, creating efficiencies and reducing user error.

This collaboration will also enable customers to create photonic designs faster while improving performance, optimizing power consumption and reducing system costs, ushering in a new era of silicon photonics products. Merging the Cadence photonics solution with the GF Fotonix platform can help customers design requirements in areas such as optical networks, super and quantum computing, fiber-to-the-home installations, 5G networks , aeronautics and defence.

Based in San Jose, California, Cadence is a leading electronic systems design company built on more than 30 years of computing software expertise. The company is well positioned to leverage the strength of its segments, such as Digital and Approval Solutions, and Functional Verification Suite. An expanding product portfolio and frequent product launches are key enablers.

The company is also benefiting from greater investment in emerging trends such as IoT and autonomous vehicle subsystems, as well as strength in the semiconductor end market. Its industry-leading performance is driven by a robust product portfolio that includes solutions such as Cadence Cerebrus Intelligent Chip Explorer, Specter X, Virtuoso, Clarity 3D Transient Solver, and Protium Enterprise Prototyping, among others.

Cadence shares are up 14.6% in the past year versus the industrygrowth of 11.6%.

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Zacks Ranking and Stocks to Consider

Currently, Cadence wears a Zacks Rank #3 (Hold).

Some higher-ranked stocks from the broader tech space include Progress software PRGS, badger meter BMI and Iridium Communications IRDM. While Progress Software and Badger Meter sport a Zacks rank #1 (strong buy), Iridium carries a Zacks rank #2 (buy). You can see the full list of today’s Zacks #1 Rank stocks here.

Progress Software forecasts a 3.62% earnings growth rate for fiscal year 2022. Zacks’ consensus estimate for Progress Software’s earnings for fiscal year 2022 was revised up 6 cents over the past last 60 days. PRGS’ long-term earnings growth rate is set at 2%.

Progress Software’s earnings have exceeded Zacks’ consensus estimate in the previous four quarters, with the average surprise being 26.8%. PRGS shares have lost 4% over the past year.

Badger Meter has a projected earnings growth rate of 5.77% for 2022. The Zacks consensus estimate for Badger Meter earnings in 2022 has been revised up 19 cents in the last 60 days.

Earnings at Badger Meter have exceeded the Zacks consensus estimate in three of the past four quarters and hit estimates once, with the average surprise being 14%. BMI shares have fallen 8% over the past year.

Iridium has a projected earnings growth rate of 271.43% for 2022. The Zacks consensus estimate for Iridium earnings in 2022 has been revised upwards by a penny in the past 90 days.

Iridium’s earnings have exceeded the Zacks consensus estimate in two of the past four quarters and hit estimates twice, with the average surprise being 39.4%. IRDM shares have fallen 2% over the past year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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