Cadence Design Systems Sees AI Agents Driving Chip Design Boom and Growth

August 31, 2026 -

Cadence Design Systems said demand for semiconductor design software is being supported by a growing number of companies developing custom chips, rising design complexity and the use of artificial intelligence in semiconductor development.

Speaking at Deutsche Bank’s 20th annual technology conference, Richard Gu, Cadence’s vice president of investor relations, said the semiconductor and systems industries have increasingly converged over the past 10 to 15 years. Hyperscalers, autonomous-vehicle companies and AI model companies are among the organizations designing their own application-specific integrated circuits, he said.

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