7/18/2002 - Magma® Design Automation Inc. (Nasdaq: LAVA), a provider of chip design solutions, announced today that it has joined the Fabless Semiconductor Association and will be represented on two of the organization's committees.
Rajeev Madhavan, Magma's chairman and chief executive officer, will become a member of FSA's CEO Leadership Council, which provides the FSA with strategic leadership and direction to move the organization to its next level of success.
Nitin Deo, vice president, business development at Magma, will participate in FSA's Intellectual Property Subcommittee. The objective of the IP Subcommittee is to address the many challenges in the portability, reuse, verification, integration and standardization of intellectual property in the semiconductor industry, particularly as it applies to fabless companies and their partners.
"Over the past few years the FSA has provided an excellent cooperative platform for fabless semiconductor companies and suppliers to work on business and technical aspects," Madhavan said. "Our membership in FSA reflects the growing use of Magma software in customer-owned tooling (COT) design flows," said Madhavan. "We are looking forward to working closely with the FSA and its members to share our knowledge and experience to enable tomorrow's nanometer SoC (system-on-chip) designs."
"Magma Design Automation will be a valued addition to the FSA," said Jodi Shelton, founder and executive director of the FSA. "In becoming an associate member, Magma will have the opportunity to better understand the fabless industry, as well as to educate their fellow members about SoC design solutions. We look forward to Magma's participation in our many educational events and input into the educational publications we provide to technologists and economists across the globe."
The Fabless Semiconductor Association was established in 1994 to enhance the balance between wafer supply and demand. The organization seeks to be the leading voice and business enabler of the fabless industry. Today, the FSA includes hundreds of corporate members representing a broad cross-section of the industry, from pure fabless companies to integrated device manufacturers (IDMs) evolving toward a fabless model. Its partners - wafer foundries, packaging and test, investment bankers, consultants, intellectual property providers - are an integral part of the organization's membership and leadership.
About Magma Design Automation
Magma software products enable chip designers to reduce the time required to design and produce complex integrated circuits in the communications, computing, consumer electronics, networking and semiconductor industries. Magma provides a single executable for RTL-to-GDSII chip design. The company's products, Blast Fusion™, Blast Chip®, Blast Plan™, Blast Noise™ and Blast Prototype™ utilize Magma's proprietary FixedTiming® methodology and single data model architecture to reduce the timing-closure iterations often required between the logic and physical processes in conventional IC design flows. Magma's Diamond SI™ also leverages the single data model architecture to provide an integrated, standalone platform for post-layout, sign-off-quality signal integrity verification.
Magma maintains headquarters in Cupertino, Calif., as well as sales and support facilities in Silicon Valley, Los Angeles, Orange County and San Diego, Calif.; Boston, Mass.; Durham, N.C.; Laurys Station, Pa.; Austin and Dallas, Texas; Newcastle, Wash.; and in Germany, Israel, Japan, Korea, The Netherlands, Taiwan and the United Kingdom. The company's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com
Magma, Blast Chip and FixedTiming are registered trademarks and Blast Fusion, Blast Noise, Blast Plan, Blast Prototype and Diamond SI are trademarks of Magma Design Automation. All other product and company names are trademarks and registered trademarks of their respective companies.
Except for the historical information contained herein, the matters set forth in this press release, including statements about the growing use and the features and benefits of Magma's system, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to, the ability of Magma's products to produce the desired results and Magma's ability to keep pace with rapidly changing technology. Further discussion of these and other potential risk factors may be found in Magma's Form 10-K for the fiscal year ended March 31, 2002 filed with the Securities and Exchange Commission ("SEC") on June 28, 2002, and from time to time in Magma's SEC reports. These forward-looking statements speak only as of the date hereof. Magma disclaims any obligation to update these forward-looking statements.
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