ARM Acquires Advanced Display Technology from Cadence

Cadence and ARM Deepen Collaboration on High-End Mobile Device Development

San Jose, Calif. – September 03, 2013 – ARM, the leading semiconductor IP supplier (LSE: ARM; NASDAQ: ARMH) and Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced that the companies have signed a definitive agreement for the sale and transfer of Cadence PANTA display controller cores to ARM. The agreement enhances the companies’ long-standing ecosystem collaboration and strengthens their technical alignment.

Cadence’s PANTA family of high-resolution display processor and scaling coprocessor IP cores was co-developed in conjunction with ARM and is targeted at advanced multimedia applications for high-end mobile devices with ultra-low power consumption.

“Display technology is critical to the mobile consumer’s user experience,” said Pete Hutton, executive vice president and general manager, Media Processing Division, ARM. “The addition of the PANTA family of display cores to the ARM product portfolio will help our ecosystem of partners get to market quickly with high-end displays that are fully integrated with ARM’s leading Mali™ graphics and video solutions and protected with ARM TrustZone® security.”

Martin Lund, senior vice president of Cadence’s IP group said, “ARM and Cadence work together closely on many levels, including IP integration, verification IP (VIP) for all ARM AMBA® protocols, and high-performance design solutions optimized for ARM cores. As a result, both companies offer more tightly integrated solutions to our mutual customers.”

About ARM

ARM designs the technology that is at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM’s comprehensive product offering includes RISC microprocessors, graphics processors, video engines, enabling software, cell libraries, embedded memories, high-speed connectivity products, peripherals and development tools. Combined with comprehensive design services, training, support and maintenance, and the company’s broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies.

About Cadence

Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.