Hirokazu Hashimoto Named Chairman of Magma KK.Longtime IC Industry and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Veteran to Guide Company Growth in Japanese Market SANTA CLARA, Calif. & YOKOHAMA, Japan -- Magma[R] Design Automation Inc. (Nasdaq:LAVA), a provider of semiconductor design software, today announced it has appointed semiconductor industry veteran Hirokazu Hashimoto as chairman of Magma KK, Magma's Japanese subsidiary. Hashimoto, who has served in numerous management positions during an illustrious career, including key positions with NEC and most recently as an adviser for Hitachi Corp., begins his new duties immediately. "Magma is fortunate to have such a savvy, distinguished IC industry veteran join our operation in Japan," said Roy E. Jewell, Magma president and COO. "We are very excited about the prospect of working with Mr. Hashimoto and anticipate he will provide clear, visionary leadership as we gain market share in this critical customer market." "I am extremely pleased to be joining Magma, which has become the EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. technology leader in a very short time," Hashimoto said. "Magma's IC implementation design platform is well recognized for its breakthrough technology and proven ability to reduce design cost, improve productivity and deliver the best QoR for advanced designs. The company is well positioned for continued success with a broader technology portfolio and I look forward to contributing to Magma's effort in Japan." "Japan is an important market for Magma and we are committed to expanding our presence here, including sales and support, to meet our customers' needs," said Mehrdad Shahabi, Magma KK president. "Mr. Hashimoto's addition to Magma KK brings a new and positive dimension to this commitment." In 38 years at NEC, Hashimoto continuously advanced along upper management positions, retiring from the company in 2003 as executive vice president and board member of NEC Electronics Inc. After starting his career in 1966 at NEC Electronics in Japan, Hashimoto transferred to NEC Ireland to help establish and manage NEC's first overseas factory. Other positions at NEC included serving as senior vice president of NEC's System LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Operations Unit; as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NEC Electronics USA; and as general manager of NEC's System ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. group. While in the United States he helped lay the groundwork for NEC's ASIC development business. As vice president of NEC's semiconductor group, Hashimoto was responsible for supervising the solutions engineering and sales engineering divisions, the overseas semiconductor business, and the ASIC and special product lines, including the PowerVR[TM] 3D graphics accelerators. He holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in engineering from Japan's National Chiba University. About Magma Magma's software for integrated circuit (IC) design is recognized as embodying the best in semiconductor technology. The world's top chip companies use Magma's EDA software to design and verify complex, high-performance ICs for communications, computing, consumer electronics and networking applications, while at the same time reducing design time and costs. Magma provides software for IC implementation, analysis, physical verification Physical verification A procedure auditors use to ensure that inventory recorded in the book is correct by actually checking out the physical inventory. , characterization and programmable logic design, and the company's integrated RTL-to-GDSII design flow offers "The Fastest Path from RTL (Register Transfer Level) A high-level hardware description language (HDL) for defining digital circuits. The circuits are described as a collection of registers, Boolean equations, control logic such as "if-then-else" statements as well as complex event sequences; to Silicon"[TM]. Magma is headquartered in Santa Clara, Calif. with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors LAVA. Visit Magma Design Automation Magma Design Automation (NASDAQ: LAVA) is a software company in the electronic design automation (EDA) industry. The company was founded in 1997 and maintains headquarters in San Jose, California. on the Web at www.magma-da.com and www.magma-da.co.jp. Magma is a registered trademark and "The Fastest Path from RTL to Silicon" is a trademark of Magma Design Automation. All other product and company names are trademarks and registered trademarks of their respective companies. Forward-looking Statements: Except for the historical information contained herein, the matters set forth in this press release forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Magma's ability to keep pace with rapidly changing technology; and its products' abilities to produce desired results. 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). Magma undertakes no additional obligation to update these forward-looking statements. |
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