Why Cadence Design Systems Rallied 17.1% in April
Shares of semiconductor software design firm Cadence Design Systems (NASDAQ: CDNS) rallied 17.1%, according to data from S&P Global Market Intelligence.
Cadence makes the electronic design automation software that chipmakers use to design chips. In addition, Cadence also has two other smaller but very high-growth segments in chip IP blocks, which chip designers can easily incorporate into their own designs, as well as overall system design and analysis software.
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Source Fool.com
