Cadence: Will the Design Specialist Become a key Supplier for the Era of Humanoids? Will the Lifting of China Restrictions Trigger the big-Picture Breakout?

Cadence Design Systems (CDNS) offers a broad portfolio of software, hardware, and intellectual property (IP) for the automation and optimization of the design of semiconductors, PCBs, and complete electronic systems. Its business model is based on licensing sales (software), hardware sales (emulation and prototyping systems), maintenance, consulting, and increasingly cloud-based subscription models. Cadence has a strongly diversified customer base with no individual customers accounting for more than 10%. The top 40 customers account for about...