According to the official press release, Cadence has announced a definitive agreement to acquire Arm's Artisan foundation IP business, expanding its design IP portfolio and entering the foundation IP market for the first time. The deal includes standard cell libraries, memory compilers, and general-purpose I/Os optimized for advanced nodes at leading foundries. It is expected to close in the third quarter of 2025, pending regulatory approvals and customary closing conditions.
ARM is an England-based semiconductor company that designs and manufactures products such as processors and system IP for industries including automotive and IoT.