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Mentor Graphics CEO Walden C. Rhines Elected to Global Semiconductor Alliance Board of Directors

WILSONVILLE, Ore., December 3, 2007 – Mentor Graphics Corporation (Nasdaq: MENT) today announced that Walden C. Rhines, chairman and CEO, has been elected to the Global Semiconductor Alliance (GSA - formerly FSA) board of directors. GSA facilitates the relationship between fabless semiconductor companies and their supplier partners, and works to bring the global supply chain together. As a director, Rhines will help set the organization's general direction, decide matters of overall policy, and review GSA activities.

“It is a great honor to be elected to the GSA board of directors, and I appreciate the support of those in the organization that have elected me to serve,” said Rhines. “Mentor Graphics has worked with the organization on a number of activities, and I welcome the opportunity to play an even greater role in promoting innovation and collaboration within the semiconductor industry.”

“We welcome Wally as a GSA director representing design partners,” said Jodi Shelton, co-founder and executive director of GSA. “GSA addresses challenges within the supply chain to enable industry-wide solutions, and electronic design automation (EDA) is a key area of focus for the organization. With his extensive experience and insight, Wally’s contribution in this leadership role will be a great asset to GSA and the global semiconductor industry.”

During Rhines’ tenure at Mentor Graphics, revenue has more than doubled, growth rate since 1999 has been number one among the “Big 3” EDA companies, and Mentor has grown to the industry’s number one market share solutions in physical verification, design concept-through-functional verification and printed circuit board design. Prior to joining Mentor Graphics, Rhines was executive vice president of Texas Instruments’ Semiconductor Group.

Rhines has served as chairman of the Semiconductor Technical Advisory Committee of the Department of Commerce; as an executive committee member of the board of directors of the Corporation for Open Systems; and as a board member of the Computer and Business Equipment Manufacturers' Association (CBEMA), SEMI-Sematech/SISA, Electronic Design Automation Consortium (EDAC), University of Michigan National Advisory Council, and Sematech. He served three two-year terms as chairman of the Electronic Design Automation Consortium and is currently vice-chairman. He is also currently a board member of the Semiconductor Research Corporation.

About GSA
The Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective fabless ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 25 countries across the globe. www.gsaglobal.org

About Mentor Graphics
Mentor Graphics Corporation (Nasdaq: MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of over $825 million and employs approximately 4,300 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.

(Mentor Graphics is a registered trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)

For more information, please contact:
Sarah Bartash
Mentor Graphics
503-685-0443
sarah_bartash@mentor.com