Cadence to acquire the Artisan foundation IP business from Arm.

Cadence, a company specializing in electronic design automation and IP solutions, agreed to acquire the Artisan foundation IP business of Arm, a company focused on semiconductor architecture and embedded systems. Financial terms were not disclosed. "We are committed to ensuring that the foundational physical IP needed to deploy Arm technology across all markets continues to be available to the ecosystem," Kevork Kechichian, Arm Executive Vice President, Solutions Engineering.