Cadence Selected to Sponsor New Design Academy in Korea; The Korea IT Industry Promotion Agency's Academy and Support Center Feature Cadence New Generation Design Technology
SEOUL, Korea—(BUSINESS WIRE)—Feb. 25, 2004—
Cadence Design Systems, Inc. (NYSE:CDN) today announced
that it will sponsor and collaborate with the Korea IT Industry
Promotion Agency (KIPA) IT-SoC Academy and IT-SoC Support Center by
providing specialized training and new generation design technology to
its SoC architects. Approximately 300 international guests, including
top government officials, industry executives, and professors attended
the opening ceremony of the academy.
KIPA was created by the Korean Ministry of Information and
Communication to ensure the effective implementation of an initiative
to stimulate growth in the Korean IT industry. The organization will
license Cadence electronic design automation (EDA) software for its
academy and support center. Cadence will also supply training that
will enable KIPA to provide instruction to many small- and
medium-sized incubator companies. Cadence Korea will begin this
technical training in a KIPA training facility in April 2004. The KIPA
IT-SoC Academy expects to train about 750 students per year.
"We are honored to support KIPA's efforts to develop the
world-class SoC design talent that is needed to enable Korea to
compete in the global semiconductor market," said Ray Bingham,
president and chief executive officer of Cadence Design Systems, Inc.
"Our unique combination of design expertise, technology, and open
collaboration will be key to helping Korea build this SoC design
capability."
"To succeed on our mission to quickly position Korea as a
world-class SoC design leader and thereby sustain our international
competitiveness, we must deploy the best technology. With Cadence, the
world leader in EDA technology, as our sponsor we are confident that
we can achieve this goal," said Kong Jin-Hyeung, vice president of the
IT-SoC promotion group.
The IT-SoC Academy offers SoC certification courses at the
graduate and doctorate levels. In addition, the academy offers
hands-on training, targeted to retrain personnel in related areas. It
runs both long and short term courses, ranging from basic theory to
in-depth training.
Targeted to nurture small- to medium-sized incubator companies,
the IT-SoC Support Center provides an EDA environment that includes
SoC design tools and support, an IP-based SoC design environment, a
test environment for mockup hardware, and SoC chip test facilities.
Cadence experts will provide training in the latest SoC design
technologies to the representatives from industry and academia who are
involved in the support center activities.
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 4,800 employees and 2003 revenues of approximately $1.1
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.
Cadence and the Cadence logo are registered trademarks of Cadence
Design Systems, Inc. All other trademarks are the property of their
respective owners.
Contact:
Cadence Design Systems, Inc.
Catherine Hatch, 408-894-2961
chatch@cadence.com
