Magma Design Automation Inc.

New York, NY: (Mar-03-07) A pending litigation between Synopsys Inc. and Magma Design Automation Inc. over a patent dispute was resolved after Magma Design Automation Inc. agreed to pay Synopsys $12.5 million, ending the lawsuit. Synopsys of Mountain View, CA, and Magma of Santa Clara, CA, who make electronic design automation software for chip designers, said they have agreed to release all claims in both California and Delaware and to cross-license the patents at issue in these jurisdictions. [BUSINESS WEEK: MAGMA PATENT]

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Published on Apr-3-07