FEI Sells Knights Technology to Magma Design Automation

Magma Design Automation Inc. (Nasdaq: LAVA), a provider of chip design solutions, announced it has acquired Knights Technology, a provider of yield management and failure analysis software solutions to the semiconductor industry, from FEI Company (Nasdaq: FEIC). Knights Technology products, employees and management team will be part of Magma’s Fab Analysis Business Unit.

The acquisition is expected to enable a tighter integration between Magma’s design software and semiconductor manufacturing. Magma plans to bring design intent into Knights’ industry-leading CAD navigation tools, enabling product engineers to analyze manufactured ICs for both systematic and parametric defects. Magma also intends to leverage Knight’s yield management presence in the fab and to partner with semiconductor manufacturers to calibrate Magma’s process models for improved IC design implementation.

Terms of the transaction were not announced, but Magma expects sales of the Knights Technology products will contribute approximately $1.5 million to Magma’s total revenue for the remainder of the company’s fiscal year after purchase accounting adjustments, and that the transaction will be accretive immediately.

About Magma Design Automation
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, characterization and programmable logic design, and the company’s integrated RTL-to-GDSII design flow offers “The Fastest Path from RTL 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 LAVA.

About Knights Technology
Knights Technology, a wholly owned, independently-operated subsidiary of FEI Company, Hillsboro, Oregon, provides software tools to access and extract inspection and measurement results for powerful, fast, and robust yield enhancement analysis in the deep-submicron wafer fab.

Magma is a registered trademark and “The Fastest Path from RTL to Silicon” are trademarks of Magma Design Automation.