Featured in The Wall Street Transcript’s Best CEO Interviews of 2015
Walden C. Rhines, Chairman and CEO of Mentor Graphics Corp (MENT), told TWST this year MENT has been able to significantly outperform the semiconductor industry as a whole thanks to its leadership in electronic design automation.
“I’d say, in recent years anyway, like many software companies, it has been very rewarding for shareholders and generated a lot of cash. If you look over the last year, the whole EDA industry is up about 15% over the last year, and if you look over last five years, the EDA industry, and particularly Mentor, has done much better than the semiconductor industry. Mentor over the last five years is up 160%. The semiconductor industry is up around 50%. So it’s been a good way to become involved in high technology without the volatility,” he said.
Looking toward the future, Rhines says MENT will be focusing on the automotive, aerospace and the system industry in general, as the Internet of Things and automation continue becoming an increasingly important part of previously analog technology.
“It appears that the automotive and aerospace and system industry in general is embarking on the same path that the chip industry has over the last 30 years and automating their design activity. Cars and planes to some extent today are designed with very limited automation. Ten years from now, their design will be automated just the way chip designs are, and Mentor is the leader in providing software to make that happen,” he said.
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