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INVENTORY (Tables)
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Schedule of inventory
Cadence’s inventory balances as of June 30, 2024 and December 31, 2023 were as follows:
 As of
 June 30,
2024
December 31,
2023
 (In thousands)
Inventories:
Raw materials$146,449 $162,754 
Work-in-process
2,033 — 
Finished goods23,026 18,907 
Total inventories$171,508 $181,661