Cadence provides electronic design automation, or EDA, software, intellectual property, and systems design and analysis products that are critical to the semiconductor chip design process. As secular trends toward artificial intelligence, 5G communications, autonomous vehicles, and cloud computing, among others, accelerate, we expect Cadence to benefit from both the increasing complexity of chip designs and the advanced digitization of various markets finals. We believe Cadence has a long growth trajectory as it leverages strategic organic and inorganic investments to expand its platform amid a growing semiconductor landscape.