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MUNICH, Germany--(BUSINESS WIRE)--March 8, 2001-- Design, Automation, and Test in Europe 2001 -- Quickturn, a company of Cadence Design Systems, Inc. (NYSE:CDN) and Philips Semiconductors Hamburg today announced that Philips Semiconductors will donate one of its Quickturn emulation systems to the University of Rostock, and Quickturn will donate the software environment and ongoing hardware support of the system. The Quickturn emulation system is used to verify integrated circuit (IC) and application-specific integrated circuit (ASIC) designs.

``The University is very pleased to receive this highly valuable system,'' said Professor Dirk Timmermann, head of the electrical engineering department at the University of Rostock. ``It will be the foundation of our Expert Education Program for training engineers on the theories and use of breakthrough emulation technology. We are delighted to partner with Philips Semiconductors and Quickturn to help educate our future electronics design engineers.''

``The time required for verifying today's complex ASICs and ICs is growing substantially. Philips Semiconductors was an early adopter of Quickturn's emulation technology, which has greatly improved our product quality and time-to-market,'' Peter Langner, development support manager of Philips Semiconductors Hamburg. ``We are glad to provide such important technology to the University of Rostock, which has a long history of experience in verification and prototyping. Through this partnership, we hope the talented students of Rostock will be inspired to obtain the verification skills required in our industry.''

``This donation reinforces Quickturn's commitment to higher education. We support educational initiatives that implement innovative ways to use, advance and share verification technology,'' said Gary Wilkins, vice president of Quickturn Europe. ``The University will use the donated equipment and software to educate engineering students looking for a top-notch education, and who are our future employees or customers. We are pleased to continue our long-standing relationship with Philips Semiconductors, and extend this partnership to include the University of Rostock.''

About the University of Rostock

Being one of the oldest universities in the Baltic area (founded 1419), the university now fosters modern engineering education. The faculty of engineering currently has nearly 2,000 students specializing in information technology, computer sciences, civil, mechanical, and electrical engineering. The department was re-organized in 1990 to meet the challenges of complex technology in today's marketplace. It now concentrates on research and development and education for modern communication technology, microelectronic systems, and digital signal processing.

About Philips Semiconductors

Philips Semiconductors, which had annual revenues of approximately US$6.3 billion in 2000, designs and manufactures semiconductors and silicon systems platforms. Philips Semiconductors is spearheading the emerging field of systems on silicon solutions with the innovative Nexperia(TM) platform and VLSI Velocity(TM) tool set. The company's Sea-of-IP(TM) design methodology allows plug and play intellectual property blocks for easily customizable products. The company is a leader in communications, consumer, PC peripherals and automotive semiconductors, which are key applications for convergence in end-user products. Philips Semiconductors is headquartered in Eindhoven, The Netherlands, and has operations throughout the world. For more information: www.semiconductors.philips.com.

About Quickturn

Quickturn, a Cadence® company, is the leading provider of high-performance verification solutions and Time-to-Market Engineering (TtME(TM)) services for the design and verification of complex IC and electronic systems. Developers of high-performance computing, multimedia, graphics, and communications systems use Quickturn products and services. For more information, visit the Quickturn Web site at http://www.quickturn.com, call 408/914-6000, or send email to info@quickturn.com.

About Cadence

Cadence is the largest supplier of electronic design automation products, methodology services, and design services used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 5,400 employees and 2000 revenues of approximately $1.3 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif. and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services may be obtained from the World Wide Web at www.cadence.com.

Note to Editors: Cadence and the Cadence logo are registered trademarks and Quickturn are trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

     Quickturn, A Cadence Company
     Kristin Boucher, 408/914-6635
     kristin@quickturn.com
        or
     Cadence Design Systems, Ltd.
     Helen Petts, +44 (0) 1344 865 305
     hpetts@cadence.com
        or
     Philips Semiconductors
     Julia James, +49-40-235 36-304
     julia.james@philips.com
        or
     University of Rostock
     Prof. Dr.-Ing. Dirk Timmermann, +49-381-498-3528
     dtim@e-technik.uni-rostock.de