Cadence Design Systems, Inc.NASDAQ
Cadence Design Systems: Winner In An Oligopoly EDA Industry
Jun. 9, 2015, 7:11 PM
- At its annual meeting, TSMC (NYSE:TSM) set a dividend of NT$4.50 per common share for its 2014 operations, up from NT$3.00 a year ago. With each ADS equal to 5 common shares, the payout is equal to NT$22.50 ($0.72) per ADS. That spells a 3.2% yield at current levels.
- Chairman Morris Chang stated the world's biggest foundry is aiming for 10%+ 2015 sales growth; an 8-analyst consensus is currently at 8.5%. He also claimed TSMC (aided by Apple A8 CPU orders) grew its global foundry share to 54% in 2014. Samsung/Globalfoundries' 14nm process ramp, and the 14nm orders reportedly secured from Apple and Qualcomm, are expected to impact TSMC's 2015 share.
- Separately, TSMC has launched partnerships with EDA software firm Cadence (NASDAQ:CDNS) and GPU core developer Imagination (OTCPK:IGNMF) to create IP that can be used by TSMC clients to develop IoT-optimized chips.
- Cadence and TSMC are showing off an IoT "IP subsystem" that relies on Cadence DSP cores and chip/sensor interfaces, and work with a 55nm low-power TSMC process. TSMC and Imagination are working on IP subsystems for both high-end and low-end sensors; they feature Imagination CPU/GPU cores, memory, and connectivity and sensor IP.