Virage Logic and MIPS Technologies Collaborate to Offer Core-Optimized IP Kits for MIPS32(R) 24K(R), 24KE(TM) and 34K(TM) Core Families Via www.viragelogic.com

Instant Web Access Helps Customers Accelerate Silicon Success

FREMONT, Calif. -- November 15, 2006 -- Virage Logic Corp., a pioneer in Silicon Aware IP(TM) and leading provider of semiconductor intellectual property (IP) platforms, and MIPS Technologies, Inc. today announced instant, easy access to a series of jointly developed Core-Optimized IP Kits via Virage Logic's website at www.viragelogic.com. Leveraging Virage Logic's Area, Speed and Power (ASAP) Memory(TM) and ASAP Logic(TM) High-Speed (HS) IP, the series of Core-Optimized IP Kits introduced earlier this year provides MIPS Technologies' customers with IP that is specifically tuned to enhance the performance of MIPS® processor cores.

The Core-Optimized IP Kits target the MIPS32® 24K®, 24KE(TM) and 34K(TM) families of processor cores for manufacture on TSMC's 90-nanometer (nm) G process. The 24K and 24KE processor core families can achieve clock frequencies of 660 MHz, using only nominal threshold transistors when implemented with the Core-Optimized IP Kits.

"Time-to-market is time-to-money when it comes to SoC design," said Pete Del Vecchio, product marketing manager at MIPS Technologies. "Making our jointly developed Core-Optimized IP Kits readily available on the Virage Logic web site allows our customers to enhance their system performance, reduce design time and speed the delivery of best-in-class products."

"We are very pleased to offer our mutual customers instant access to the Virage Logic Core-Optimized IP Kits for the MIPS32® 24K®, 24KE(TM) and 34K(TM) families of processor cores," said Jim Ensell, senior vice president of marketing and business development at Virage Logic. "This collaboration is yet another example of how we are working closely with our VIP Partner companies to provide customers with highly differentiated IP to help them accelerate their silicon success."

A free online technical webinar titled, "Accelerating Silicon Success for Embedded Consumer Applications with MIPS Technologies and Virage Logic Core-Optimized IP Kits," will be broadcast via TechOnLine on Thursday, November 16, 2006, at 10:00 a.m. PST, and 1:00 p.m. EST. Registration and information about the one-hour webinar is available at http://seminar2.techonline.com/s/viragegr7_nov1606.

About the MIPS32 24K, 24KE and 34K Core Families

The MIPS32 24K and 24KE core families offer performance of 660 MHz in a 90 nanometer G process, while minimizing design time and reducing product costs. These processor cores are suited to embedded consumer applications such as digital and interactive TVs, set-top boxes and DVD players. The 24KE cores integrate the MIPS® DSP Application-Specific Extension (ASE), providing up to 3x the signal processing performance over a range of embedded applications, when compared to RISC implementations without the DSP ASE.

The 34K core family is the first series of licensable MIPS cores that offers SoC designers a superior hardware multi-threading solution to boost system performance while significantly reducing overall SoC die area, cost, and power consumption. The 34K cores are designed to mask the effect of memory latency and other short-term pipeline stalls by increasing processor utilization.

About Virage Logic's Core-Optimized IP Kits

Virage Logic's Core-Optimized IP Kits are specifically tuned to maximize the performance of a target processor. The 24K and 24KE processor families will hit clock frequencies of 660 MHz when implemented with the Core-Optimized IP Kit, which includes Virage Logic's ASAP Memory High-Speed (HS) instances and ASAP Logic HS standard cell libraries.

Availability

Customers may access the Virage Logic Core-Optimized IP Kits for the MIPS32 24K, 24KE and 34K cores by visiting http://www.viragelogic.com and registering to become a Member.

About MIPS Technologies

MIPS Technologies, Inc. (Nasdaq:MIPS - News) is a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications. The company drives the broadest architectural alliance that delivers 32- and 64-bit embedded RISC solutions to the embedded market, and, in combination with its licensees, offers the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products worldwide. MIPS Technologies licenses its intellectual property (IP) to today's leading semiconductor companies, ASIC developers and system OEMs.

Today, MIPS-Based(TM) designs are integrated in millions of products around the world, including broadband devices from Linksys, digital cameras from Canon, DTVs and entertainment systems from Sony, DVD Recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is based in Mountain View, California, with offices worldwide. For more information, please contact 650-567-5000 or visit http://www.mips.com.

About Virage Logic Corporation

Founded in 1996, Virage Logic Corporation (Nasdaq:VIRL - News) rapidly established itself as a technology and market leader in providing advanced embedded memory intellectual property (IP) for the design of complex integrated circuits. Now, as the company celebrates its 10th anniversary, it is a global leader in semiconductor IP platforms comprising embedded memories, logic, and I/Os and is pioneering the development of a new class of IP called Silicon Aware IP(TM). Silicon Aware IP tightly integrates Physical IP (memory, logic and I/Os) with the embedded test, diagnostic, and repair capabilities of Infrastructure IP to help ensure manufacturability and optimized yield at the advanced process nodes. Virage Logic's highly differentiated product portfolio provides higher performance, lower power, higher density and optimal yield to foundries, integrated device manufacturers (IDMs) and fabless customers who develop products for the consumer, communications and networking, hand-held and portable, and computer and graphics markets. The company uses its FirstPass-Silicon(TM) Characterization Lab for certain products to help ensure high quality, reliable IP across a wide range of foundries and process technologies. The company also prides itself on providing superior customer support and was recently named Customer Service Leader of the Year in the Semiconductor IP Market by Frost & Sullivan. Headquartered in Fremont, California, Virage Logic has R&D, sales and support offices worldwide. For more information, visit www.viragelogic.com.