11:39 AM EDT, 06/12/2024 (MT Newswires) -- Cadence Design Systems ( CDNS ) said Wednesday it is working with Samsung Foundry to accelerate design for artificial intelligence and three-dimensional integrated circuit semiconductors.

This collaboration will advance chip development for AI, automotive, aerospace, hyperscale computing and mobile, the company said.

Financial details of the collaboration weren't disclosed.

Cadence shares were up 2.4% in recent trading.

Price: 308.05, Change: +7.22, Percent Change: +2.40