Cadence Design Systems Is a Wide-Moat Leader in the Mission-Critical EDA Space

Cadence Design Systems is a leading provider of software tools used by engineers to design semiconductor chips. This software is referred to as electronic design automation software. EDA solutions are indispensable to virtually every major semiconductor design company, and increasingly a growing number of “electronic systems” companies that design a product that uses semiconductors, such as modern automobiles. The semiconductor industry does not function without companies like Cadence in the background.