Cadence Launches High-Speed Technology Centre in China

New Technology Centre Opens in Shanghai

SHANGHAI, China--(BUSINESS WIRE)--May 16, 2002--Cadence Design Systems, Inc. (NYSE:CDN - News), the world's leading supplier of electronic design products and services, today announced the opening of the Cadence® High-speed Technology Centre in Shanghai. The new Centre will serve a growing customer base in Asia-Pacific with training, education programs, and methodology and consultancy services. The objective is to increase the productivity of high-speed printed circuit board (PCB) companies and to develop the skills of designers and engineers by providing education as well as customized design solutions.

The computer, communications, and networking markets' demand for compact, faster products challenge design engineers to put more features into smaller PCBs within a shorter design time. To help meet the resultant design challenges, Cadence created the High-speed Technology Centre. The Centre will use the Cadence SPECCTRAQuest(TM) Design and Analysis Environment as a standard platform to develop customized design flows and methodologies that will enhance productivity in customer-specific industrial applications. Technologies of importance in this market include high-speed buffer modeling, advanced simulation techniques, signal integrity, EMC and power delivery design and analysis, silicon-package-board interconnect design, and design kit development for regional integrated circuit suppliers.

"Cadence opens the new High-speed Technology Centre in response to China's rapidly growing electronics business," said Mike Bosworth, executive vice president of the Cadence System Solutions Business. "From Shanghai, we will be able to better focus on the business and technical needs of our customers in the region who are working on leading-edge designs."

"The Technology Center is a first-of-its-kind in Asia Pacific," said Matthew Chan, president, Cadence Asia Pacific. "Our goal is to increase the productivity of our customers by optimizing their design flows, allowing them more time to focus on their primary business."

In the initial stage, the Technology Centre will serve three markets: wireless communication, wired communication, and computing applications. The scope of service will expand to advanced packaging design and digital consumer applications over the next two years.

The High-speed Technology Center is part of a focused Cadence investment in China announced in December 2001. The company intends to invest U.S. $50 million to enhance sales, support and services in China's booming electronic design market. With offices in Beijing, Shanghai, Chengdu, and Shenzhen and a new wholly owned subsidiary, Beijing Cadence Electronic Technology Company, the company is now implementing plans to establish training and research and development centers in China. To that end, in April 2002, the company announced a joint venture between Cadence Design Systems Asia Ltd. and Beijing Zhongguancun Software Education Company Ltd. that will establish a software institute in Beijing to train post-graduate-level engineers in electronic design.

About Cadence

Cadence is the largest supplier of electronic design technologies, methodology services, and design services. Cadence solutions are used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 5,600 employees and 2001 revenues of approximately $1.4 billion, Cadence has sales offices, design centres, and research facilities around the world. The company is headquartered in San Jose, Calif., and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services is available at www.cadence.com.

Note to Editors: Cadence and the Cadence logo are registered trademarks and SPECCTRAQuest is a trademark of Cadence Design Systems, Inc.

     Cadence Design Systems Asia Ltd.
     Peggy Ng, 852/2377-7170
     pegging@cadence.com