June 28, 2023 12:05 PM Eastern Daylight Time SAN JOSE, Calif.–(BUSINESS WIRE)–Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced it has joined the new Intel Foundry Services (IFS) Cloud Alliance to enable customers to leverage scalable design tools from Cadence and the compute power of the cloud. Through the collaboration, users have access to the production-proven Cadence® portfolio and Intel advanced process and packaging technologies in a secure, cloud-based design environment. Using a cloud-based environment, customers can move entire electronic design automation (EDA) flows or specific peak workloads to the cloud as needed, achieving greater efficiency and faster time to market.