10/21/2003 - Cadence Design Systems, Inc. (NYSE: CDN) and Beijing Zhongguancun Software Education Investment Co Ltd, a consortium of Beijing-based investment companies and the Beijing government, will mark the opening of the pioneering US$30 million Zhongguancun Cadence Institute of Software Technology (ZCIST). Fan Bo Yuan, vice mayor of Beijing, will lead the inauguration ceremony with the unveiling of the plaque for the official opening.
Designed with a vision to help transform China from an electronics manufacturing base into a world-class center for IC and system design, the 120,000-square-meter ZCIST is the first of its kind in the Asia Pacific region. Unlike other training institutes for IC design software tools, ZCIST will provide engineers with comprehensive IC and system design methodologies, skills and knowledge to significantly increase their design capabilities.
"Electronics manufacturing is continuing to shift to China, and all the indicators are that China's semiconductor industry will continue to grow faster than in the rest of the world," said Ray Bingham, Cadence® president and CEO, and chairman of ZCIST.
"Cadence and the Beijing government share the same vision - to nurture IC design talent in China with a view to strategically advancing China's electronics industry," Bingham said. "With the exceptional level and quality of training that ZCIST will provide, we believe that local post-graduate engineers will become world-class design engineers, and China a hub of world-class IC design in the future."
More than 300 guests, including top government officials and senior representatives from both local and international trade and industry, were expected to attend the inauguration ceremony. Many leading technology vendors have demonstrated their support for this initiative, including Sun Microsystems, which has already committed to sponsoring students.
In a March 2003 report, leading research firm Gartner Dataquest forecast that the Chinese semiconductor industry would grow 19 percent in 2003-from US$22.34 billion to US$26 billion-and is expected to reach US$46 billion by 2007.
"We are committed to helping to develop and advance China's electronic design industry," said Song Xiao Hai, vice chairman of ZCIST. "Today's ceremony represents a remarkable combination of vision and determination. It shows how rapidly things can be achieved when organizations come together with a common goal. The institute is a landmark in China's development as a world-class IC and system design center."
Situated in the Beijing Zhongguancun Science Park, an area dedicated to R&D and other activities in a variety of disciplines, including integrated circuits, biotech and software, ZCIST has been built from the ground up. A two-phase development - the first of which will serve 500 students - it has been designed to provide training for up to 1,000 residential students per year with courses ranging from three to 12 months.
The institute will offer six bilingual courses covering practical and advanced training on system level design, logic design and verification, synthesis and place and route, analog/mixed-signal design, custom IC layout design and high-speed PCB design.
"Graduates of ZCIST will become the future pillars of China's electronics design industry," said Dr. Lee De-Lei, chairman and president of ARCA Technology Corporation. "With their increasing IC design capability, more IC design houses will be able to offer products, both excellent in performance and competitive in price, to meet the demands of China's growing market."
The joint venture is the latest instance of Cadence investing in China. In 2002, the company announced plans to invest US$50 million to build a strong network of R&D, customer support and services over the coming years. It also opened the Cadence High-speed Technology Center in Shanghai to serve its growing customer base in Asia Pacific with training, education programs and methodology and consultancy services.
"China has become an important player in global electronics, and these ventures combine to help drive this powerful economic engine for China," said Bingham. "Cadence and our customers will also benefit greatly. Each of these endeavors connects Cadence and our customers around the world to China."
Cadence has offices in Beijing, Shanghai, Chengdu and Shenzhen. The company also has a wholly owned subsidiary, Beijing Cadence Electronic Technology Company.
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 5,000 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.
The Zhongguancun Cadence Institute of Software Technology (ZCIST) occupies 200 acres in Beijing's Zhongguancun Science Park, an area dedicated to research and development and other activities in a variety of disciplines. Opened in April 2003, the campus construction area covers 32,000 square meters and includes lecture theatres, offices and living accommodation. Equipped with 300 workstations and 1,800 licenses, the institute will have the capacity to provide training for more than 1,000 students. Courses are typically three to six months in duration and cover topics such as: system level design, logic design and verification, synthesis and place and route, analog/mixed-signal design, custom IC layout design and high-speed PCB design. The institute is staffed by leading professors and experts from multinational corporations and world-class universities who have conducted extensive R&D in the industry. More information about the institute is available at www.zcist.com.
Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. in the U.S. and other countries.
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