China National IC Design Industrial Base -- Shenzhen -- Institution Selects Cadence as Its EDA Platform; Collaboration to Help China's Growing Electronics Industry

SAN JOSE, Calif.--(BUSINESS WIRE)--June 10, 2003--Cadence Design Systems, Inc. (NYSE:CDN) today announced that China National IC Design Industrial Base (Shenzhen) Institution has selected Cadence technologies as its essential EDA solution. The institution, called Shenzhen IC Base, is an IC design industry incubator supported by the Chinese Ministry of Science and Technology. The collaboration demonstrates Cadence's long-term commitment to support fully China's growing electronics industry, with a focus on education, research and services initiatives.

Shenzhen IC Base, one of seven national IC design bases in China, provides Chinese IC design firms with access to electronic design infrastructure and tools. As a result of this agreement, these customers will now have access to Cadence(R) best-in-class technologies such as Incisive(TM) verification platform, Encounter(TM) digital IC design platform and custom IC design solutions.

In addition to Shenzhen IC Base, IC Bases such as Beijing IC Base and Shanghai IC Base have chosen Cadence products and services, including Encounter digital IC design platform, Incisive verification platform and custom IC design solutions.

"Organizations need the very best technology and support in order to achieve design success in today's challenging IC industry. We believe that partnering with Cadence, the leading EDA company worldwide, enables us to provide our customers with the broadest, most advanced EDA technology, as well as to leverage Cadence's seamless interoperability with major fabrication facilities in China and abroad," said Ke-ke Zhang, Director of National IC Design Industrial Base (Shenzhen) Institution and Deputy Director General of The Shenzhen Municipal Government Bureau of Science and Technology.

"Cadence has a deep, long-standing commitment to the growth of China's electronics industry. This agreement demonstrates the kind of successful government-industry collaboration that will help to build further this important resource for China," said Peter Chen, President of Hong Kong and China Operations, Cadence Design Systems. "We are honored that Shenzhen IC Base has chosen Cadence solutions as its essential EDA platform. We look forward to providing the combination of Cadence technology and services to enable Shenzhen IC Base's incubators to successfully tape out their designs and launch their products into the market on time."

About Shenzhen IC Base

The Shenzhen national integrated circuit design industry Industrial base provides the design methodology consultation, the application chip design service, the exchange of IP library pool in international technical cooperation and interflow environment to the local companies across. It is one of seven bases approved by the Ministry of Science and Technology. The Shenzhen national integrated circuit designs base is situated in the High New Technology Industrial Park. The Shenzhen national integrated circuit designs industry base adopts the government guidelines, the market orientation, the entrepreneur management, the open mode of professional services, forms consultant expert group and establishes the Shenzhen integrated circuit design entrepreneur development limited company. It also supports Beijing University, Tsinghua University establishment of Shenzhen IC designs key laboratory. Established in December 2001, the Shenzhen base has strong plans to invest RMB 50 million each year from 2002 to 2004, totaled to 150 million RMB as the project fund for a national level integrated circuit design base. More information about the company are available at www.southic.com.

About Cadence

Cadence is the world's leader in 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 5,200 employees and 2002 revenues of approximately $1.3 billion, Cadence has sales offices, design centers, 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 Encounter and Incisive are trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

CONTACT: Cadence Design Systems, Inc.
             Judy Erkanat, 408/894-2302
             jerkanat@cadence.com
             John Peng, 8621-6288-2600 ext. 2029
             johnpeng@cadence.com