Virtual Silicon Names Barry Hoberman President & CEO

IP Veteran to Drive Continued Growth

SUNNYVALE, Calif., —January 10, 2003 - Virtual Silicon Technology Inc., a leader in semiconductor intellectual property (SIP), today announced the appointment of Barry A. Hoberman as president and chief executive officer (CEO), effective January 2, 2003. Mr. Hoberman succeeds industry veteran and turn-around specialist Tim Unger, who joined Virtual Silicon in May 2002.

Prior to Virtual Silicon, Mr. Hoberman was the president and CEO of inSilicon, and was instrumental in the conception, execution, and success of that company. Prior to that, Mr. Hoberman was founder and vice president of Phoenix Technologies' Semiconductor IP Division. In addition, Mr. Hoberman has held various positions in product management and development at Advanced Micro Devices and Monolithic Memories Inc. Mr. Hoberman has been issued 13 U.S. patents.

"I'm very excited to join Virtual Silicon. Tim Unger has done a terrific job setting the stage for our continued leadership position in the semiconductor IP market - especially in the Interface IP market space.", said Barry A. Hoberman. "The talent and resources of this company, combined with the strength of our customer base will allow the team to accelerate the growth of Virtual Silicon."

The addition of Mr. Hoberman, a well-known figure in the IP industry, to Virtual Silicon is the culmination of the re-shaping of Virtual Silicon started by Tim Unger, the outgoing CEO and president for Virtual Silicon. Mr. Unger headed-up the effort to transform Virtual Silicon into a higher-value IP provider. He will remain at Virtual Silicon in a consulting capacity during a transition period.

About Virtual Silicon Technology
Virtual Silicon is a leading supplier of semiconductor intellectual property and process technology to manufacturers and designers of complex systems-on-chip (SoC). Headquartered in Sunnyvale, CA, the company provides process-specific embedded components that serve the wireless, networking, graphics, communication and computing markets. Customers include leading fabless semiconductor companies, integrated semiconductor manufacturers, foundries, and SoC developers who demand leading edge technology for their semiconductor innovations. For more information, call (408) 548-2700 or visit Virtual Silicon online at www.virtual-silicon.com.

The Heart of Great Silicon, Silicon Ready and Virtual Silicon are trademarks of Virtual Silicon Technology, Inc.

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