Cadence Selects Chan to Head Asia Pacific Region; New Executive Has More Than 25 Years' Experience in Semiconductor Manufacturing, Sales and Operations Management.

Business Editors & High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 7, 2000

Cadence Design Systems, Inc. (NYSE:CDN), the world's leading provider of electronic design products and services, announced today that Matthew Chan has been appointed president for the Asia Pacific region and corporate vice president, reporting directly to Cadence President and CEO Ray Bingham.

In this role, Chan is responsible for the company's sales and operations activities throughout the Asia Pacific region. Located in Singapore, Chan replaces Jean-Claude Broido, who will be returning to Europe later this month to take on the role of vice president of sales for Europe.

Prior to joining Cadence, Chan served as president of Asia at Novellus Systems for five years. Before that, Chan worked as operations general manager for Tektronix Asia.

"Matthew is a welcome addition to Cadence and brings a wealth of knowledge, including more than 25 years of experience in semiconductor manufacturing, sales and operations management," Bingham said. "In his last position, Matthew grew Novellus' Asian business ten-fold between 1994 and 1997, making it the fastest growing and most profitable operation among Novellus' overseas regions since 1995. Additionally, he was instrumental in developing major accounts in both Taiwan and Singapore."

Chan holds a bachelor's degree in industrial engineering from Chung Yuan University in Chung-Li, Taiwan, a master's degree in computer-aided manufacturing from Brigham Young University, and is a Ph.D. candidate at the University of South Australia with a focus on cultural implications in the Asian sales process.

About Cadence

Cadence is the largest supplier of electronic design automation products, methodology services and design services used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products.

With more than 4,000 employees and 1998 annual sales of $1.3 billion, Cadence has sales offices, design centers, and research facilities around the world. The Company is headquartered in San Jose. More information about the company, its products and services may be obtained from the World Wide Web at http://www.cadence.com.

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