Cadence is a global leader in computational software, accelerated hardware, and silicon intellectual property solutions serving semiconductor design and manufacturing companies as well as systems companies developing electromechanical products. The company's core business consists of electronic design automation (EDA) tools for chip design and verification, semiconductor IP including memory controllers and configurable processors, and system design and analysis software spanning printed circuit boards, packaging, and multiphysics simulation. Cadence generates revenue primarily through time-based software licenses (typically 2–3 years), hardware sales and leases, and nonexclusive design IP licenses, serving customers across automotive, aerospace, consumer electronics, data centers, industrial, medical, mobile, telecommunications, and life sciences markets.