CHENGDU, China and SAN JOSE, Calif., Feb. 24, 2010 (GLOBE NEWSWIRE) --
Magma(R) Design Automation (Nasdaq:LAVA), a provider of chip design
software, and Chengdu ICC (CDICC), a government-funded organization
that promotes integrated circuit (IC) design in Chengdu, today
announced the recent opening of a joint IC design lab. Established in
the National IC Design Chengdu Industrial Base, one of seven technology
incubation parks in China, the lab will provide local designers with
access to Magma's advanced analog and digital IC design software and
comprehensive training programs.

"Chengdu Hi-tech is focused on building the semiconductor industry in
western China," said Duan Zhigang, vice director of Chengdu Hi-tech
Zone Innovation Service Center. "We work with leading IC design
companies, wafer fabs, test and assembly providers, and other
associated enterprises, including Fujitsu, Conexant, Freescale, Intel,
SMIC, Panovasic, CSMSC, GoldTel and IPGoal, to create a complete
industrial supply chain. With closer cooperation with Magma and the
establishment of the Chengdu ICC-Magma IC design lab we further enhance
the advantages of doing semiconductor business in western China."

"Designers in China and the rest of the world are facing increasing
complexity, power, area, cost and time-to-market challenges," said
Rajeev Madhavan, CEO of Magma Design Automation. "By making the Magma
software and training available in the new lab, we can work more
closely with our customers in Chengdu to help them overcome these
challenges and train engineers in local design services companies to
provide additional resources."

The joint lab will help IC design companies develop technical
expertise, shorten the design cycle, accelerate the time to market for
their products, and improve their ability to meet the demands of the
international semiconductor market. Magma will offer technical training
on its Talus(R) and FineSim(TM) software to IC design companies in the
National IC Design Chengdu Industrial Base. Talus, an integrated IC
implementation platform, is used by many of the world's top chip
companies to develop complex chips in 45/40-nm process technology.
FineSim, a complete simulation platform, is the industry's first
circuit simulator to truly support multi-CPU simulation, providing
three to four times faster simulation than traditional simulators while
maintaining accuracy.

Talus and FineSim course descriptions, schedules and more information
are available on the Chengdu ICC website at www.cdicc.org.cn.

About Chengdu ICC

The National Integrated Circuit Design Industrialization Camp-Chengdu
was established in July of 2001 with the official sanction of China's
Science and Technology Ministry. Managed by Chengdu Integrated Circuit
Design Industrialization Camp Co., Ltd (CDICC), the camp is one of
seven professional IC design industrialization bases in China and is
the only center located in inner China.

About Magma

Magma's electronic design automation (EDA) software provides the
"Fastest Path to Silicon"(TM) and enables the world's top chip
companies to create high-performance integrated circuits (ICs) for
cellular telephones, electronic games, WiFi, MP3 players, digital
video, networking and other electronic applications. Magma products are
used in IC implementation, analog/mixed-signal design, analysis,
physical verification, circuit simulation and characterization. The
company maintains headquarters in San Jose, Calif., and offices
throughout North America, Europe, Japan, Asia and India. Magma's stock
trades on Nasdaq under the ticker symbol LAVA. Follow Magma on Twitter
at www.Twitter.com/MagmaEDA and on Facebook at www.Facebook.com/Magma.
Visit Magma Design Automation on the Web at www.magma-da.com and
www.magma-da.com.cn.

Magma and Talus are registered trademarks and "Fastest Path to Silicon"
and FineSim are trademarks of Magma Design Automation Inc. All other
product, company and institution names are trademarks or registered
trademarks of their respective owners.

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 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 company
undertakes no additional obligation to update these forward-looking
statements.


CONTACT: Magma Design Automation, U.S.
         Monica Marmie, Director, Marketing Communications
         (408) 565-7689
         mmarmie@magma-da.com
         
         Magma Design Automation, China
         Kelly Wang, Corporate Marketing Manager
         +86 10 62682280 x 8088
         kellyw@magma-da.com