Cadence Endows New Chair in MIT Schwarzman College of Computing

The MIT Stephen A. Schwarzman College of Computing has announced the establishment of the Cadence Design Systems Professorship Fund.

Made possible by a $5 million gift from Cadence Design Systems, Inc., the fund will enable the MIT Schwarzman College of Computing to establish a full professorship for outstanding faculty with research and teaching interests in the fields of artificial intelligence (AI), machine learning, or data analytics, and can also provide career development opportunities for rising stars doing cutting-edge research in these areas.

“Our faculty are at the forefront of computing research and education. Cadence’s generous gift is providing vital new resources for the college in supporting these faculty as they deliver the latest advances in computing and AI,” says Daniel P. Huttenlocher SM ’84, PhD ’88, dean of the MIT Schwarzman College of Computing. “I’m extremely grateful to Cadence for their contribution and commitment to MIT and the college.”

Establishing the new fund at MIT is part of Cadence’s overall commitment to supporting education and fostering innovation.

“We’re delighted to support MIT’s efforts to advance innovation in the exciting fields of artificial intelligence, machine learning, and data analytics,” said Lip-Bu Tan SM ’80, chief executive officer of Cadence. “These transformative technologies are key to the computational software industry and Cadence, and we look forward to enabling the acceleration of MIT’s groundbreaking research in these areas. I was very fortunate to have obtained my master’s of science degree in nuclear engineering from MIT where I focused my studies on system simulation analysis, so this endowment is very personal to me.”