Cadence Announces $5M Endowment at Massachusetts Institute of Technology

Monday, June 7, 2021

Cadence Design Systems, Inc. has announced the establishment of the Cadence Design Systems Professorship Fund for the Massachusetts Institute of Technology (MIT) Stephen A. Schwarzman College of Computing. The $5M fund will enable the college to establish a full professorship for outstanding faculty with research and teaching interests in the fields of artificial intelligence (AI), machine learning (ML) or data analytics and can also provide career development opportunities for rising stars doing cutting-edge research in these areas. 

“Multi-objective optimization is a challenging problem and I am pleased that MIT students and alumni have made significant progress working inside Cadence on novel ML solutions towards the synthesis of difficult PCB designs. The resulting system will not only benefit MIT, but will also significantly improve productivity in the PCB community at large,” said Dr. Tomas Palacios, professor of electrical engineering and computer science at MIT.

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