SAN JOSE, Calif., Oct. 22, 2007 (PRIME NEWSWIRE) -- Magma Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that Toshiba Corporation has successfully completed the deployment of Magma's integrated implementation software in Toshiba Electronics Europe GmbH (TEE). With this deployment, Magma's toolset becomes a common implementation platform used across Toshiba worldwide design groups in Japan, the U.S. and Europe. Since Toshiba America Electronics Components, Inc. (TAEC) began using Magma's implementation tools several years ago, Toshiba has taped out more than 100 designs for communications, digital TV, graphics and low-power mobile applications, including designs at 65 nanometers (nm).
"As a leading IDM, Toshiba is committed to collaborate with leading technology companies to create breakthrough designs," said Hideki Yamada, senior manager of Design Methodology Development group, System LSI Design Department, System LSI Division of Toshiba. "The key for critical design success is the competent implementation expertise exhibited by Toshiba's highly skilled engineers. With a common implementation platform, every engineer in each region can access a large pool of knowledge and expertise created by a worldwide network of Toshiba design engineers. Such competent implementation expertise is very important to Toshiba in developing complex SoC designs for its customers in 65 nm and beyond."
"Toshiba's ability to achieve silicon success on over 100 designs is a significant milestone," said Kam Kittrell, general manager of Magma's Design Implementation Business Unit. "It provides a solid foundation to our expanding relationship and firmly establishes Magma's software as the implementation-system-of choice for Toshiba."
About Magma
Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips required in cellular telephones, electronic games, WiFi, MP3 players, DVD/digital video, networking, automotive electronics and other electronic applications. Magma's EDA software for IC implementation, analysis, physical verification, circuit simulation and characterization is recognized as embodying the best in semiconductor technology, enabling the world's top chip companies to "Design Ahead of the Curve"(tm) while reducing design time and costs. Magma is headquartered in San Jose, Calif., with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.
Magma is a registered trademark and "Design Ahead of the Curve" is a trademark of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.
Forward-looking Statements:
Except for the historical information contained herein, the matters set forth in this press release, including statements about the features and benefits of Magma's software 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 the company's ability to keep pace with rapidly changing technology. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). The companies undertake no additional obligation to update these forward-looking statements.
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