Registry · CDNS
Does Cadence Design Systems, Inc. support Israel?
Yes — Cadence Design Systems, Inc. has documented support for Israel on record. Every claim below links to its source.
Filed under: Tech companies · Companies that support Israel
Timeline of documented support
Documented support
| Type | Date | Amount | Recipient | Sources |
|---|---|---|---|---|
| Acquisition | 2005-04 | $315,000,000 | Verisity Ltd. (Israeli-founded verification company; principal R&D in Rosh Ha'ayin) Cadence acquired Verisity Ltd. in an all-cash deal ($12 per share, approximately $315 million), announced January 12, 2005 and completed in April 2005. Verisity, founded in Israel in 1995, kept its principal executive offices in Mountain View but its principal R&D offices in Rosh Ha'ayin, Israel, which became part of Cadence's Israeli operations. | |
| Acquisition | 2016-04 | — | Rocketick Technologies (Israeli parallel-simulation startup) Cadence completed its acquisition of Rocketick Technologies, an Israeli pioneer of multicore parallel chip-simulation technology, on April 28, 2016. Terms were not officially disclosed; Israeli press reported a price of up to $40 million. Rocketick's roughly 25 Israel-based employees joined Cadence's Israel R&D operations. | |
| Operations in Israel | 2021 | — | Cadence Design Systems (Israel) Ltd. — R&D and sales centers in Petah Tikva and Haifa Cadence operates R&D and sales centers in Israel — in Petah Tikva (Kiryat Arieh) and Haifa — employing over 300 people as of 2021, developing EDA software for chip design and verification. Development activity is led from Israel by corporate VP Ziyad Hanna, and the company continues to recruit at its Israeli sites. |
Frequently asked questions
Did Cadence Design Systems, Inc. donate money to Israel or Israeli causes?
We have no records of cash donations, but Cadence Design Systems, Inc. has documented support of other kinds (Acquisition, Operations in Israel). See the records on this page.
Where does this information come from?
Every record on this page links to its source — news reports, official company statements, tax filings, or government records. 9 distinct sources are cited for Cadence Design Systems, Inc.. Our methodology page explains the full verification process.
Sources & citations
Record last updated: 2021
- SEC filing (Cadence–Verisity press release, EX-99.1) sec.gov
- Semiconductor Digest sst.semiconductor-digest.com
- Haaretz haaretz.com
- PR Newswire (Cadence press release) prnewswire.com
- Globes en.globes.co.il
- NoCamels nocamels.com
- CTech (Calcalist) calcalistech.com
- Cadence (Israel page) cadence.com
- Dun & Bradstreet (Cadence Design Systems (Israel) Ltd) dnb.com