1/21/2003 - Cadence Design Systems, Inc. (NYSE:CDN) announced a broad reaching partnership with ATI Technologies, Inc. (TSX:ATY) (Nasdaq:ATYT), a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions. Under the agreement, ATI will standardize on Cadence(R) SoC Encounter(TM) and a wide spectrum of other Cadence tools.
Cadence's ability to provide leadership and end-to-end design solutions makes it a natural partner for customers consolidating on fewer electronic design suppliers. ATI plans to incorporate Cadence technologies into its design environment to enhance the ATI design flow. Cadence will provide ATI with access to Cadence's internal research and development team as well as onsite migration support to assist ATI in the adoption of new Cadence technology.
"We have tremendous respect for ATI and look forward to helping them solve their toughest design challenges at 90 nanometers and below," said Penny Herscher, executive vice president and chief marketing officer at Cadence. "Complex graphics and digital media chip designs demand the best technology solutions, and it's rewarding that ATI chose Cadence as its partner, for our technology leadership across the board and, in particular, the industry-leading Encounter platform. The goal of this expanded agreement is a Cadence-centric flow that meets the majority of ATI's design needs today, and that we collaborate to meet their needs in the future."
"This partnership with Cadence is essential to help us meet the technology challenges at 90 nanometers and below," said Greg Buchner, vice president of engineering at ATI Technologies. "As we design the world's most complex graphics chips and forge the future of the 3D graphics industry, it is imperative that we work with the best technology available. For this reason, we selected Cadence as our premier design partner for our electronic design technology flow."
The agreement is initially for three years and includes a broad range of Cadence technology.
About ATI Technologies
ATI Technologies Inc. is a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions. An industry pioneer since 1985, ATI is the world's foremost visual processor unit (VPU) provider and is dedicated to deliver leading-edge performance solutions for the full range of PC and Mac desktop and notebook platforms, workstation, set-top and digital television, game console and handheld markets. With 2001 revenues in excess of US $1 billion, ATI has more than 1,900 employees in the Americas, Europe and Asia. ATI common shares trade on NASDAQ (ATYT) and the Toronto Stock Exchange (ATY).
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 5,200 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 are available at www.cadence.com
Cadence and the Cadence logo are registered trademarks and SoC Encounter is a trademark of Cadence Design Systems, Inc.
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