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SAN JOSE - The Cadence Giving Foundation announced a multi-year commitment to expand the AI Hub at San José State University (SJSU), according to a press release statement issued Friday.
The foundation, affiliated with Cadence Design Systems (NASDAQ:CDNS), will provide AI design software and digital twin technology to the university as part of the agreement. The initiative aims to prepare students across various academic disciplines for careers in artificial intelligence. According to InvestingPro data, Cadence maintains impressive gross profit margins of 85.57% and has achieved revenue growth of 22.29% over the last twelve months, demonstrating its strong market position in the technology sector.
"We are proud to support the emerging AI ecosystem at SJSU and to help develop and promote the workforce of the future," said KT Moore, vice president of Corporate Marketing at Cadence.
The Cadence Giving Foundation joins NVIDIA, Adobe, the City of San Jose and the Knight Foundation in supporting the AI Hub, which will be located in the Dr. Martin Luther King, Jr. Library on the SJSU campus. The facility is expected to open in summer 2026.
The hub will feature specialized laboratories across nine SJSU colleges and demonstrate applications of AI and digital twin technologies in addressing multidisciplinary challenges.
SJSU President Cynthia Teniente-Matson stated that the partnership will strengthen the university’s ability to prepare students for future workforce demands, particularly in the responsible use of artificial intelligence.
The AI Hub initiative represents an intersection of higher education, technology and industry collaboration in Silicon Valley, with the goal of providing students hands-on training and experience in AI technologies.
In other recent news, Cadence Design Systems, Inc. has announced significant developments that may interest investors. The company has completed its acquisition of the Arm Artisan foundation IP business, enhancing its design IP portfolio with advanced process node optimizations. Additionally, Cadence plans to acquire Hexagon’s Design & Engineering business for approximately €2.7 billion, with a transaction expected to close in the first quarter of 2026, subject to regulatory approvals. In partnership with Taiwan Semiconductor Manufacturing Company, Cadence is advancing chip design automation and intellectual property development to support TSMC’s N3, N2, and A16 technologies. The company has also launched ROCS X, an AI-enabled virtual screening tool for drug discovery, developed in collaboration with Treeline Biosciences. Furthermore, Stifel has maintained its Buy rating for Cadence, following insights shared by the company’s senior vice president at a recent tech summit. These developments underscore Cadence’s strategic initiatives in expanding its capabilities across various high-growth sectors.
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