The SOI Industry Consortium welcomes Magma as a new member

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BOSTON, MASS., March 10, 2008 – The SOI Industry Consortium announced today that Magma® Design Automation Inc. (Nasdaq: LAVA), a provider of chip design software, has joined the organization as a technical member. With the addition of Magma, the SOI Industry Consortium now comprises 21 leading companies from across the electronics industry covering a spectrum of users, enablers, suppliers and manufacturers. The intitiative is aimed at accelerating silicon-on-insulator (SOI) adoption in a wide range of markets by promoting the benefits of SOI technology and reducing the barriers to adoption.

“We welcome Magma’s participation in the SOI Industry Consortium,” said André-Jacques Auberton-Hervé, chairman of the board of the SOI Industry Consortium. “With Magma’s expertise in developing design tools that address the low power, complexity and high-performance requirements of SOI-based chips, there is a natural convergence of interests with the consortium. The widening availability of tools and services is good news for designers in the fabless/foundry arena considering the move to SOI.”

The newest member of the SOI Industry Consortium, Magma Design Automation develops electronic design automation (EDA) software tools that enable integrated circuit designers to meet critical time-to-market objectives, improve chip performance and handle multimillion-gate designs. The other SOI consortium members include (listed alphabetically): AMD, Applied Materials, ARM, Cadence Design Systems, CEA-Léti, Chartered Semiconductor Manufacturing, Freescale Semiconductor, IBM, Innovative Silicon, KLA-Tencor, Lam Research, NXP, Samsung, Semico, Soitec, SEH Europe, STMicroelectronics, Synopsys, TSMC and UMC.

"Magma has worked very closely with leading SOI foundries and library suppliers," said Yatin Trivedi, Magma’s director of Industry Partnership Programs. "Magma already supports SOI characterization and timing methodology with our industry-standard SiliconSmart(R) characterization system, and our physical verification system, Quartz(TM) DRC, fully supports the requirements for SOI, and has runset support for 65-, 45- and 32-nanometer processes. Our participation as Technical Member in the SOI Consortium is an extension of these efforts."

The SOI Industry Consortium is open to any company, organization or academic institution with an interest in SOI.

About the SOI Industry Consortium
The SOI Industry Consortium is chartered with accelerating silicon-on-insulator (SOI) innovation into broad markets by promoting the benefits of SOI technology and reducing the barriers to adoption. Representing leaders spanning the entire electronics industry infrastructure, SOI Industry Consortium members include: AMD, Applied Materials, ARM, Cadence Design Systems, CEA-Léti, Chartered Semiconductor Manufacturing Ltd, Freescale Semiconductor, IBM, Innovative Silicon, KLA-Tencor, Lam Research, Magma, NXP, Samsung, Semico, Soitec, SEH Europe, STMicroelectronics, Synopsys, TSMC and UMC. Membership is open to all companies and institutions throughout the electronics industry.

Legal Note
The views and opinions expressed by the SOI Industry Consortium through officers in the SOI Industry Consortium or in this presentation or other communication vehicles are not necessarily representative of the views and opinions of individual members. Officers of the SOI Industry Consortium speaking on behalf of the Consortium should not be considered to be speaking for the member company or companies they are associated with, but rather as representing the views of the SOI Industry Consortium. Views and opinions are also subject to change without notice, and the SOI Industry Consortium assumes no obligation to update the information in this communication or accompanying discussions.

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"™ 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

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

Magma and SiliconSmart are registered trademarks, and “Design Ahead of the Curve,” and Quartz are trademarks of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.

Press Contacts
Camille Darnaud-Dufour
+33 (0) 6 9 49 51 43
camille.darnaud-dufour@soiconsortium.org

Monica Marmie
+ 1 (408) 565-7689
monical@magma-da.com

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