Cadence Opens Expanded Shanghai Sales Office and R&D Center

SAN JOSE, CA and SHANGHAI, CHINA -- (MARKET WIRE) -- Mar 21, 2012 -- Underscoring a long-term commitment to service its local customers and partners, Cadence® Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced the grand opening of an expanded Shanghai office, which includes more than 300 sales, R&D, and technical support employees. Lip-Bu Tan, president and chief executive officer of Cadence, hosted a ribbon-cutting ceremony to mark the occasion.

"The knowledge we have gained from having a presence in China for more than 20 years remains a unique advantage for Cadence," said Lip-Bu Tan, president and chief executive officer of Cadence. "With the investment in a larger office in Shanghai, we will continue to build and deliver world-class design solutions to the IC industry. Through close collaboration with our customers and partners, we will support the accelerated growth of semiconductor and systems companies in Shanghai."

"Since the late 1990s, Shanghai has identified the IC industry as a leading, fundamental and strategic industry to be developed with a high priority," said Shanghai Executive Vice Mayor Xiong Yang. "We are pleased that Cadence is increasing its investment in China along with other global IC industry leaders. All of these benefit the sustainable growth of our local IC industry."

"We anticipate that the new Cadence office in Shanghai will speed up development of next-generation design tools," said Wenyi Zhang, chairman of SMIC. "Our collaboration with Cadence combines SMIC's strength in advanced process technologies with the industry-leading design tools that Cadence provides to help mutual customers solve their toughest design challenges."

Cadence opened its first office in China in 1992 and in addition to the office in Shanghai, has since set up offices in Beijing, Chengdu and Shenzhen. The new Shanghai location, which is 22% larger than the previous facilities and allows for future expansion, is located in the Kerry Parkside office development, a 2 million square feet mixed-use complex that encompasses residential, retail, food service and commercial office space.

Cadence recently has won the prestigious 2012 EE Times-China's ACE Award for its Cadence® Virtuoso® AMS Designer product, used to help produce the types of mixed-signal SoCs used in today's mobile devices. After customer voting, the Virtuoso AMS Designer was chosen in the category of best electronic design automation (EDA) product.

About Cadence

Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

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For more information, please contact:
Nancy Szymanski
Cadence Design Systems, Inc.
408-473-8382

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