Virage Logic Announces Multi-Year Agreement with LSI Logic for 90-nm Embedded Memory IP

FREMONT, Calif., November 3, 2003 — Building on a successful alliance with LSI Logic Corporation (NYSE: LSI), Virage Logic Corporation (Nasdaq:VIRL), a leading provider of best-in-class semiconductor IP platforms, today strengthened its relationship with LSI Logic with a 90-nanometer (nm) multi-year agreement. Under the terms of the agreement, LSI Logic has licensed Virage Logic’s silicon-proven embedded Self-Test and Repair (STAR) Memory System^TM and its Area, Speed and Power (ASAP) Memory^TM product lines.

According to Ronnie Vasishta, vice president of Technology Marketing and CoreWare Engineering at LSI Logic, “Embedded memory is becoming increasingly important as more of our customers increase the amount of memory on a chip.  Following the success of our RapidChip^TM Platform ASIC using Virage Logic’s patented ASAP Logic^TM Metal Programmable Cell Libraries, we expanded our partnership with Virage Logic to include its embedded memory products across our 90-nm product line.  This engagement accelerates delivery of our 90-nm products to service the needs of our leading-edge customers and enables us to provide robust and innovative embedded memory solutions through a combination of internal memory expertise and external partnerships.”

“With LSI Logic’s proven ability to design and manufacture advanced, complex ASIC solutions and our expertise in designing and delivering silicon-proven embedded memories, we are able to provide customers with a superior system-on-chip (SoC) design solution on advanced processes such as 90-nm,” said Adam Kablanian, president and CEO, Virage Logic. “Our expanded partnership provides customers with a tremendous competitive advantage as they develop highly differentiated products.”

Virage Logic’s expertise in the embedded memory market enables designers to reduce overall system cost and size, while meeting time-to-market requirements by integrating small, moderate or large amounts of on-chip memory.  Increasingly complex chips require greater amounts of memory, which poses significant yield issues at the time of manufacture.  And, as more memory is added on-chip, obtaining optimal-yielding SoC solutions for high-growth applications can be achieved through the company’s STAR Memory System.  In addition, Virage Logic’s ASAP Memory product line is ideal for high-volume applications where area-efficient memory implementation is a requirement.  It is also optimized for speed, yet consumes less power than other high-speed memories, making it an excellent choice for high-performance computing and networking applications.

About Virage Logic
Virage Logic Corporation (Nasdaq:VIRL) is a leading provider of best-in-class semiconductor IP platforms based on memory, logic, I/Os, and IP development tools that are silicon-proven and production ready. Virage Logic meets market demands for cost reduction, while improving performance and reliability for fabless and integrated device manufacturer (IDM) companies focused on the consumer, communications and networking, handheld and portable, and computer and graphics markets. Virage Logic is headquartered in Fremont, California and has sales and support offices worldwide. For more information, visit www.viragelogic.com or call (877) 360-6690 toll free or (510) 360-8000.

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SAFE HARBOR STATEMENT FOR VIRAGE LOGIC UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
Statements made in this news release other than statements of historical fact are forward-looking statements, including, for example, statements relating to Virage Logic's business outlook, new products and new relationships. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, which might cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include Virage Logic's ability to maintain and develop new relationships with third-party foundries, adoption of technologies by semiconductor companies and increases in the demand for their products, the company's ability to overcome the challenges associated with establishing licensing relationships with semiconductor companies, the company's ability to obtain royalty revenues from customers in addition to license fees, business and economic conditions generally and in the semiconductor industry in particular, competition in the market for embedded memories and other risks including those described in the Company's Annual Report on Form 10-K for the period ended September 30, 2002, filed with the Securities and Exchange Commission (SEC) on December 16, 2002, and in Virage Logic's other periodic reports filed with the SEC, all of which are available from Virage Logic or from the SEC's website (www.sec.gov), and in press releases and other communications. Virage Logic disclaims any intention or duty to update any forward-looking statements made in this news release.

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