Cadence raises annual forecasts on design software demand but tariff fears persist

(Reuters) -Cadence Design Systems raised its annual revenue and profit forecasts on Monday, betting on resilient demand for its chip design software from semiconductor firms amid an AI boom, but tariff-led concerns around its China business cast a shadow.

Elevated demand for speedy and complex artificial intelligence processors has benefited the company, which provides software for designing chips and computing systems that help run that complex programs.