Verigy Announces Receipt of Unsolicited Proposal From Advantest

Verigy Ltd. (NASDAQ:VRGY ) today announced that it has received an unsolicited proposal from Advantest Corporation (NYSE:ATE ) to acquire all of the outstanding Verigy ordinary shares for $12.15 per share in cash.

The Verigy Board has reviewed the Advantest proposal and determined that it is not superior to Verigy's pending transaction with LTX-Credence (NASDAQ:LTXC ). However, the Verigy Board believes the Advantest proposal might lead to a superior transaction so it has determined to engage in discussions with Advantest. There can be no assurances that any definitive agreement or transaction will result from the Advantest proposal or Verigy's discussions with Advantest.

Icera and Magma Collaborate on 28-nm High-Performance, Low-Power Flow to Accelerate Turnaround time for Next-Generation Soft Modem Chipsets

SAN JOSE, Calif., and Bristol, UK, Dec. 2, 2010 – Magma Design Automation Inc. (Nasdaq: LAVA), a provider of chip design software, and Icera Inc., a pioneer in soft modem chipsets for smartphones and mobile broadband devices, today announced joint development of Icera’s 28-nanometer (nm) high-performance, low-power system-on-chip (SoC) design flow for its next-generation chipsets. Icera devices are used by OEMs globally to deliver extremely small, fully software-based multimode 4G LTE/3G/2G cellular modems for smartphones, and mobile broadband devices such as USB sticks, tablets and netbooks. Icera chose Magma’s Talus platform because it provides a highly integrated flow that enables Icera to address 28-nm design complexity, improve area efficiency and reduce power consumption while accelerating turnaround time.

Magma’s New Talus 1.2 Features Faster, More Advanced Routing, Timing and Extraction Technologies to Accelerate Next-Generation SoC Implementation

SAN JOSE, Calif., Dec. 2, 2010 –– Magma® Design Automation Inc. (Nasdaq: LAVA), a provider of chip design software, today unveiled Talus® 1.2, a next-generation integrated circuit (IC) implementation solution that accelerates the design cycle of systems on chip (SoCs). The new Talus system enables engineers to implement 1 million to 1.5 million cells per day on large designs or blocks of 2 million to 5 million cells – with crosstalk avoidance, advanced on-chip variation (AOCV) and multi-mode multi-corner (MMMC) analysis enabled. Already silicon-proven at the 40-nanometer (nm) node, Talus is currently in use for complex 28-nm designs. With these latest enhancements, Talus is primed to handle the challenges of designing at the 20-nm process node and beyond.

Verigy and LTX-Credence to Merge, Creating a Leader in Semiconductor Test Solutions

• Adds scale with increased presence in attractive SOC test market
• Combines highly complementary products, markets, customers and channels
• Expects annualized synergies of at least $25 million, following the completion of the integration
• Verigy announces odd-lot and share repurchase programs and holding company reorganization

Verigy (NASDAQ:VRGY ) and LTX-Credence Corporation (NASDAQ:LTXC ) today announced that they have entered into a definitive merger agreement that would create a semiconductor test company with the scale and presence to provide comprehensive solutions to customers across most major semiconductor market segments.