Magma expands operations in India and U.S.
Magma Design Automation Inc. announced expanding operations in India and the United States. Magma's Bangalore operation has moved to a new 40,000 sq. ft. facility, and Magma announced its corporate headquarters will relocate to San Jose in March.
The new San Jose facility will provide Magma a significant amount of additional space to accommodate its growth.The Bangalore facility is one of three the company now has in India. Magma opened a facility in Noida in 2006 and began operations in Mumbai as part of Magma's November 2006 acquisition of Knights Technology. Magma already has over 200 employees in India and these facilities will enable the company to expand significantly in this region to take advantage of the availability of world-class engineering talent and provide additional support to its growing customer base in India.
"A globally distributed product development and support network gives Magma access to talent anywhere in the world to ensure our customers' success," said Anand Anandkumar, managing director of Magma Design Automation Pvt. Ltd. "India's growing semiconductor market, depth of technology talent and excellent university and government-sponsored engineering training programs make it an ideal location for Magma to expand"
"Magma is focused on building on the success we have had in IC implementation to expand our product portfolio to address applications such as circuit simulation and physical verification," said Magma chairman and CEO Rajeev Madhavan. "We are making significant investments in R&D, product engineering and applications engineering and presently have more than 800 employees worldwide. With the new facilities in India and San Jose, we can continue hiring talented engineers to develop products that fully address the RTL-to-silicon design flow and allow our users to reduce the turnaround time and costs of nanometer semiconductor design."
