Global electronic-design innovation company Cadence Design Systems has opened its third research and development facility in Noida. The company has invested $11.5 million for the new 93,000 square foot facility.
The Noida R&D center focuses on developing design automation solutions to address the needs of engineers designing at 65 and 45-nm technology process nodes.
The company currently employs about 900 people who are engaged in research and development, IT support and global customer care and support at its centers in Noida and Bangalore.
"As Cadence celebrates its 20th year in India, it's fitting that we also inaugurate the new facility at our Noida campus. Cadence is committed to being close to where our customers are expanding, and India is an integral part of our overall growth strategy," said Fister, president and CEO of Cadence Design Systems, Inc.
"We are working closely with the emerging local electronics ecosystem to enable design innovation," added Jaswinder Ahuja, corporate vice president and managing director, Cadence Design.
"The new Noida center is the largest Cadence® R&D site outside of the United States. This expansion supports our global R&D strategy and reiterates our commitment to India," he added.
Cadence Design Systems is a wholly owned subsidiary of US-headquartered Cadence Design Systems, a company into design automation technology.
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