➀ The design of high-performance electric vehicle power modules presents challenges in managing high voltage and current systems, particularly in thermal management and safety compliance; ➁ An integrated approach combining electrical, mechanical, and thermal designs is essential for reliability; ➂ Cadence's advanced design tool solutions enhance the safety and efficiency of power modules.

1. The automotive semiconductor market was estimated at $67 billion in 2023, showing a 12% increase from 2022. 2. Infineon Technologies, NXP Semiconductors, and STMicroelectronics are the top three suppliers, collectively holding over one-third of the market. 3. Despite the growth in vehicle production, the market is showing signs of slowdown, with key players experiencing declining revenues in recent quarters.