Nasdaq-listed Magma sets up chip software centre in Noida

New Delhi, June 16 (UNI) Nasdaq-listed Magma(R) Design Automation Inc, provider of semiconductor design software, today said it has opened its research and development centre in Noida and has plans to expand operations in Bangalore.

Magma plans to double its R and D and applications engineering team in India over the next 12 to 18 months, Managing Director of Magma Design Automation Pvt Ltd Anand Anandkumar said in a statement here.