ARM Acquires Advanced Display Technology From Cadence Design Systems

(RTTNews) - ARM Holdings plc (ARMH, ARM.L) and Cadence Design Systems, Inc. (CDNS) announced Monday that they have signed a definitive agreement for the sale and transfer of Cadence PANTA display controller cores to ARM.

The agreement enhances the companies' long-standing ecosystem collaboration and strengthens their technical alignment.

Cadence's PANTA family of high-resolution display processor and scaling coprocessor IP cores was co-developed in conjunction with ARM and is targeted at advanced multimedia applications for high-end mobile devices with ultra-low power consumption.