Cadence To Help Russian Electronics IndustryCadence To Help Russian Electronics Industry

MANHASSET, NY — The Moscow Institute of Electronic Technology (Miet) has chosen Cadence Design Systems as the sole provider of design technologies for helping Miet develop the Russian electronics industry and provide local startup companies better access to the global industry.

Cadence (San Jose), will spearhead a Russian project called "Inspire the Russian Innovation System”— also known as Iris. The project will leverage a broad range of Cadence technology, including the VCAD (Virtual Integrated CAD) service model and Cadence kits.

Miet chose Cadence's VCAD service model to give designers access to a broad range of Cadence resources and expertise, leveraging Cadence's relationships with leading silicon design chain partners.

"Cadence is the best choice for design tools and services to help us to develop the Russian market of components and electronic designs to support the development of our startup centers," said professor Y.A. Chaplygin, corresponding member of Russian Academy of Sciences. "Cadence's VCAD model not only gives us access to leading-edge technology but also enables us to educate and qualify designers and support the community with marketing and business process expertise. The access to global partners participating in the Russian market also is very important for us."

"Russia's potential is high based on its young, talented, and scientifically well-educated engineering community," said Wolf-Ekkehard Matzke, fellow at Cadence Design Systems. "The Iris concept is an excellent way to foster the ecosystem required to release this potential. We are very excited to take part in the Iris project."

Cadence has been working with Miet for some three years ever since it opened a design training center at the prestigious institute in September 2002. Cadence joins other hi-tech companies doing business in Russia, including Intel, Sun, Samsung, Motorola, Texas Instruments, Synopsys and Mentor Graphics.

Last January, Russian president Putin called for economic hi-tech zones be established to boost the IT and electronics industry. At that time it was reported that Russia would invest $650 million in the IT sector over the next five years.