Cadence Design Systems CDNS is expanding its partnership with Taiwan Semiconductor Manufacturing Company (“TSMC”) and Microsoft to accelerate the physical verification of giga-scale digital designs.

The collaboration will likely help customers minimize design schedules and compute costs using the Cadence Pegasus Physical Verification System and CloudBurst Platform coupled with TSMC technology and Microsoft Azure cloud.

Designers are always under pressure to meet design schedules and compute budgets as physical verification on large digital designs usually consumes large computing resources for long periods and requires high-performance machines with large and expensive physical memory. This is where Cadence’s Pegasus Verification System comes into play, added Cadence.

The Pegasus Verification System's FlexCompute technology offers dynamic, automated central processing unit (CPU) management, which eliminates the need to define precise CPU needs by customers. Additionally, FlexCompute optimizes CPU usage and delivers a balance between turnaround time and cloud compute resources, added the company. According to preliminary findings, the Pegasus Verification System in the cloud offered “optimal performance” and a 20% decrease in cloud compute expenses, added the company.

Overall, the collaboration enables customers to manage large-scale designs efficiently, achieve significant runtime speed and shorten product launch time. The digital and cloud portfolios have been designed to support the Cadence Intelligent System Design strategy and can enable system-on-chip design improvement.

Cadence offers products and tools that help customers to design electronic products. The company continues to invest heavily in verification and digital design products, helping it launch products that address the ever-growing needs of electronics and semiconductor companies.

In April, the company announced the launch of a new technology called Cadence EMX Designer, which offers passive device synthesis and optimization capabilities. The technology can provide design rule check-clean parametric cells and electromagnetic models of passive devices, like inductors, transformers and T-coils, at a fast rate.

Prior to that, the company unveiled the Cadence Allegro X AI technology, a new system design tool that offers significant improvements in performance and automation.

CDNS currently holds a Zacks Rank #2 (Buy). Shares of the company have gained 37% compared with the sub-industry’s growth of 2.4% in the past year.