VeriSilicon and Magma Team to Deliver "Magma-Ready" Libraries for China-Based Wafer Foundries

SANTA CLARA, Calif., July 19, 2004 –– VeriSilicon Holdings Co., Ltd. the leading IP and design service provider for China-based wafer foundries, and Magma® Design Automation Inc. (Nasdaq: LAVA), a provider of chip design solutions, today announced that VeriSilicon’s semiconductor IP products in logic, I/O cells and memories now support Magma IC design products Blast Create™, Blast Fusion®, Blast Rail™, Blast Noise™ and Blast Power™. The companies have completed logical, physical and routability analysis of the VeriSilicon libraries and Magma users can now access library scripts directly from VeriSilicon. With immediate access to pre-qualified libraries and scripts, mutual customers can accelerate their design cycle.

“Magma is the acknowledged technology leader in electronic design automation (EDA). We are excited to work with Magma to support their design solution with our libraries for all major China- based wafer foundries, such as SMIC, GSMC, HHNEC and ASMC,” said Wayne Dai, president and CEO of VeriSilicon Holdings. “This partnership will serve our mutual customers better.”

“Our engineering team worked closely with VeriSilicon to ensure that their library products work with our design software,” said Michael Ma, vice president of business development at Magma. “Delivering Magma pre-qualified semiconductor IPs as part of VeriSilicon’s products enables the chip designers to have a complete integrated solution from RTL to GDSII, including crosstalk and  power analysis.”

About VeriSilicon Holdings Co., Ltd. 

VeriSilicon is a leading ASIC design foundry focusing on providing IP, design services and turnkey solutions for China based wafer foundries.  VeriSilicon has operation centers in China (Shanghai), Taiwan (Neihu) and US (Silicon Valley) to service worldwide customers. VeriSilicon offers Standard Design Platforms including standard cell libraries, IO cell libraries, memory compilers, and analog solutions for China based wafer foundries such as Semiconductor Manufacturing International (Shanghai) Corporation (SMIC), Grace Semiconductor Manufacturing Corporation (GSMC), Advanced Semiconductor Manufacturing Corporation of Shanghai (ASMC), and Shanghai Hua Hong NEC Electronics Co., Ltd (HHNEC), covering 0.13um, 0.15um, 0.18um, 0.25um, 0.35um and 0.6um process technologies.  For more information, please visit VeriSilicon at www.verisilicon.com or contact VeriSilicon directly at (408)-844-8560.

About Magma Design Automation, Inc.

Magma provides leading software for designing highly complex integrated circuits while maximizing Quality of Results with respect to area, timing and power, and at the same time reducing overall design cycles and costs. Magma provides a complete RTL-to-GDSII design flow that includes design planning, prototyping, synthesis, place & route, and signal and power integrity chip design capabilities in a single executable, offering “The Fastest Path from RTL to Silicon”™. Magma's software also includes products for advanced physical synthesis and architecture development tools for programmable logic devices (PLDs); capacitance extraction; and characterization and modeling. 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 and Blast Fusion are registered trademarks and Blast Create, Blast Rail, Blast Noise, Blast Power and “The Fastest Path from RTL to Silicon” are trademarks 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 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. Further discussion of these and other potential risk factors may be found in Magma’s latest filings with the Securities and Exchange Commission on Form 10-K, and any subsequent updates thereto on form 10-Q. These forward-looking statements speak only as of the date hereof. Magma disclaims any obligation to update these forward-looking statements.