In today’s world, electronic gizmos like tablets, smartphones, laptops etc. have become an inevitable part of our busy schedule. We just cannot imagine connecting our lives without these devices. With the emerging trend in designs, advanced methodologies must be adopted. Therefore, this application rich surrounding is about to evidence a breakthrough in manufacturing and semi-conductor design. EDA software and hardware are highly advanced automation tools that help to electronically design complex systems and generate chips which meet immense performance standards, consume low power and are available in the market whenever demanded. EDA takes care of the entire process right from designing individual transistors up till the development of the software. A very important aspect of EDA is semi-conductor intellectual property (IP), which acts as a stepping stone for forming specialised processors to be integrated into SoCs. It also offers a reliable base for memory controllers and interface protocols.