Synopsys buys Magma for $500million

Leading eda developer Synopsys is buying rival software developer Magma Design Automation in a cash deal which values the latter at more than $500million.

Synopsys' portfolio is essentially targeted at the design and verification of leading edge chips and the company says that Magma's design software is 'complementary'. Aart de Geus, pictured, Synopsys' chairman and ceo, said: "The dramatic rise in complexity of today's semiconductor designs for all process nodes requires an equally dramatic increase in designer productivity. Customers are either dealing with the very complex physics of 20nm design or they are squeezing the last bit of performance and cost from designs at mature, high value nodes. "To achieve success, our customers are asking for more new eda capabilities than ever before. This acquisition will enable Synopsys to accelerate the delivery of the technology our customers need to keep the overall cost of design in check."