Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, announced that its President and CEO Lip-Bu Tan received the Singapore Business Award as Outstanding CEO (overseas) today in Singapore. The Singapore Business Awards were launched in 1985 by the Business Times and DHL. This year's presentation marks the 27th anniversary of this prestigious award, which was created to recognize business leaders in Singapore and abroad.
Tan was named president and chief executive officer of Cadence in January 2009. Before assuming leadership of the company, he had been a member of the Cadence Board of Directors since 2004. By building a strong executive team and instilling a clear vision focused on customer success, he was able to significantly increase revenue by carefully investing resources and collaborating with key ecosystem partners. Tan inspired Cadence technologists to deliver the advanced technology solutions that leading semiconductor and system companies need to build the smartphones, tablets and other devices are now integrated into everyone's daily lives.
In addition to his role at Cadence, Lip-Bu Tan is founder and chairman of Walden International, an international venture capital firm that focuses on cross-border investments since its founding in 1987. He introduced and pioneered the U.S. venture capital concept in Asia and contributed to the promotion of early-stage technology investing in the Asia-Pacific region. Prior to establishing Walden, he was vice president at Chappell & Co and held management positions at EDS Nuclear and ECHO Energy.
"I congratulate Lip-Bu on being named Outstanding CEO for 2011," said John B. Shoven, Chairman of the Board at Cadence and the Charles R. Schwab Professor of Economics at Stanford University. "Knowing him as I do, he would attribute the company's success to the entire team at Cadence, but it is his leadership that has made an incalculable difference. Lip-Bu has tremendous energy and intelligence, complete integrity, and genuine humility; a tough combination to find, but an undeniable asset for Cadence."
Tan is on the Board of Directors of Flextronics International Ltd, Inphi Corporation, Semiconductor Manufacturing International Corporation (SMIC) and SINA Corporation. In the past he served as a director on the Boards of Centillium Communications, Creative Technology, Integrated Silicon Solution, Leadis Technology and MindTree Ltd. He also currently sits on the Board of two leading industry consortiums: the Electronic Design Automation Consortium (EDAC) and the Global Semiconductor Alliance (GSA).
Tan received his B.S. from Nanyang University in Singapore, his M.S. in Nuclear Engineering from the Massachusetts Institute of Technology (MIT), and his MBA from the University of San Francisco. He serves on the College of Engineering Advisory Board at University of California Berkeley, the Board of Trustees and the School of Engineering Dean's Council at Carnegie Mellon University (CMU), the School of Engineering Dean's Advisory Board at MIT, on the Regent College Board of Governors, and on the Board of Directors of United Overseas Bank (UOB) in Singapore. He also served as a Trustee of Nanyang Technological University (NTU) in Singapore from 2006 to 2011. Tan has been ranked among the Top 10 Venture Capitalists in China by Zero2ipo and the Top 50 Venture Capitalists on the Forbes Midas List.
Quotes from Industry Leaders
ARM Holdings plc.
"It is great to see Lip-Bu honored in this way. His tireless energy and passion for the sector shine through in the way he leads Cadence and in his work with the companies in which he invests. He is an outstanding example and an inspiration for the current generation of leaders in our industry."
"Congratulations on being honored by the Singapore Business Awards in 2012. It has been a privilege for me to know and work with you as a Board Member, CEO and venture capitalist. No matter what your role, you set an example for all leaders with a thoughtfulness and generous spirit that inspires everyone you meet."
Dr. Henry Samueli
Co-Founder and Chief Technology Officer
"On behalf of Broadcom Corporation, I would like to congratulate Lip-Bu Tan on this prestigious award and honor. Successful business leaders create environments that foster creativity and allow innovation to flourish. This philosophy is a hallmark of Lip-Bu's leadership and symbolic of his close alignment with Broadcom."
Sim Wong Hoo
CEO and Chairman
Creative Technology Ltd.
"Congratulations Lip-Bu, on this well-deserved recognition. Your insight and enthusiasm about the global electronics industry help drive the success of companies around the world, including Creative. Best wishes for continued success from all of us at Creative Technology Ltd."
President and Chief Operating Officer
"Having worked closely with Lip-Bu now for many years, I add my congratulations to this well-deserved award. In addition to his integrity, vision and business leadership, he is also someone I'm proud to have as a friend."
"I've had the privilege of knowing and working with Lip-Bu for many years. He has earned my trust and respect through his dedication and commitment to ensuring that the highest possible standards in business are not only adhered to, but always exceeded under his careful watch. His business acumen is unmatched and his leadership style reflects his generous nature and superior collaborative abilities. I can think of no one more deserving of this award. I am honored to be able to be a part of this tribute to Lip-Bu, and more importantly, I'm fortunate to have the opportunity to work with him."
Co-Founder and President
Global Semiconductor Alliance
"The GSA is very fortunate to have a leader like Lip Bu on its board of directors. His wisdom and thoughtfulness on issues that plague our industry are profound. He also brings to the table optimism about the opportunities that will continue to drive innovation. Lip Bu has a network of friends in every corner of the world due to his endless generosity and I am honored to be one of them."
Senior Vice President
IBM Systems & Technology Group
"I've had the great opportunity to work with Lip-Bu over a number of years. He is an exceptional business partner and leader who is very deserving of this award. Lip-Bu continues to make a positive impact on both the Information Technology industry and global markets."
Executive Vice President and Chairman
"Lip-Bu is a charming man, but he is also a brilliant man. He has made Cadence what it is today. When I think of Lip-Bu, I can honestly say he is at the top of the game in international business. He is that good!"
Chairman and Chief Executive Officer
"Congratulations! Lip-Bu, this is a well-deserved award for you. Your leadership of the Cadence team to work closely with us on successfully developing complicated SoC chips over the past several years is highly appreciated."
Co-Founder, President and Chief Executive Officer
"Great leaders emerge from adversity. They move their organizations forward with vision, high standards and passion. Lip-Bu is such a leader. I have great admiration for his leadership. It is gratifying to see him recognized with this prestigious honor."
President and Chief Operating Officer
"Before many people understood the importance of creating partner ecosystems, Lip-Bu was building communities and showing that a broad collaboration of partners is greater than the sum of its individual parts. His visionary leadership is a model for the industry, and Qualcomm congratulates Lip-Bu on this award."
System LSI Business
Samsung Electronics Co., Ltd
"Through collaborative efforts with Cadence, we continue to offer optimal design flows that enable our customers to create innovative designs built on Samsung's leading edge process technologies. These results have been possible through a partnership fostered by Lip-Bu Tan's leadership. I heartily congratulate Lip-Bu on being awarded the Singapore Business Award for 2011."
TSMC North America
"Over the years it has been my pleasure to work with Lip-Bu both as President and CEO of Cadence Design, and as the Founder and Chairman of Walden International. While his many accomplishments are being recognized by this prestigious award, the quality that his friends know best... his humility... is what sets him apart as a business leader."
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.
Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
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