Two New Directors Join Magma's Board

7/23/2003 - Magma Design Automation Inc. (Nasdaq: LAVA), a provider of chip design solutions, announced that Thomas M. Rohrs and Chet Silvestri have joined the company's board of directors. Magma had previously authorized expansion of the board by two seats.

Thomas Rohrs presently serves on the board of several private companies and is an adviser and consultant to a number of companies both public and private. Rohrs spent five years with Applied Materials Inc., most recently as senior vice president, Global Operations, and was also a member of the company's Executive Committee. Immediately prior to that he was vice president, Worldwide Operations for Silicon Graphics, and previously worked at MIPS Computer Systems as senior vice president, Manufacturing and Customer Service. Rohrs also served as group operations manager for Hewlett-Packard Company's Personal Computer Group.

Chet Silvestri has more than 25 years experience in the semiconductor industry and is presently chief executive officer of ParthusCeva Inc., a licensor of digital signal processing (DSP) cores and platform-level intellectual property to semiconductor and electronic industries. His prior position was as chairman of Arcot Systems, a developer of credit card authentication software, where he previously served as president and CEO. Silvestri earlier served as chief operating officer at Tripath Technology and worked for six years at Sun Microsystems, most recently as president of the Microelectronic Division. Prior to Sun, he was vice president and general manager of the Technology Licensing division of MIPS Computer Systems.

"Magma continues to experience much positive change and growth, and I'm very glad to have the additional counsel Tom and Chet provide," said Rajeev Madhavan, chairman of Magma's board of directors. "We're fortunate to have benefit of their extensive experience in a variety of companies, especially in semiconductor and technology environments. I am confident both will contribute to Magma right away."

About Magma Design Automation
Magma software is used to design fast, multimillion-gate integrated circuits, providing "The Fastest Path from RTL to Silicon"TM and enabling chip designers to reduce the time required to produce complex ICs. Magma's products for prototyping, synthesis, and place & route provide a single executable for RTL-to-GDSII chip design. The company's Blast Create TM, Blast FusionTM, Blast Fusion APXTM, Blast PlanTM, Blast Noise®, Blast RailTM and Blast RTLTM products utilize Magma's patented 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 maintains headquarters in Cupertino, Calif., as well as facilities in Los Angeles, Orange County and San Diego, Calif.; Boston, Mass.; Durham, N.C.; Austin and Dallas, Texas; Newcastle, Wash.; and in Canada, China, France, Germany, India, 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

Magma, Blast Fusion, Blast Noise and FixedTiming are registered trademarks, and Blast Create, Blast Fusion APX, Blast Plan, Blast RTL and "The Fastest Path from RTL to Silicon" are trademarks of Magma Design Automation.

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