
Cadence stock dips following Arm IP business acquisition plan
Investing.com -- Shares of Cadence Design Systems Inc (NASDAQ:CDNS) fell by 1.7% while Arm Holdings (NASDAQ:ARM) saw a 3.1% decline, as Cadence announced its intention to acquire Arm’s Artisan foundation IP business. The move aims to enhance Cadence’s design IP offerings and expand its presence in system-on-chip (SoC) designs.The agreement, subject to regulatory approvals and customary closi ...