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Virage Logic is the Fastest Growing Semiconductor IP Company in North America
Dataquest study shows Semiconductor Intellectual Property market grew by 25 percent
Fremont, CA - May 8, 2002, Virage Logic Corp. (Nasdaq:VIRL), a global leader in embedded memory solutions, today announced results of a new survey showing that among the top 10 semiconductor IP vendors by revenue, Virage Logic is the fastest growing semiconductor intellectual property (IP) company in North America.
According to a recently published study conducted by Gartner Dataquest, Inc., a unit of Gartner, Inc. (NYSE: IT and ITB) Virage Logic grew 53 percent from 2000 to 2001, double the rate of the robust semiconductor IP market growth rate. The research shows the semiconductor IP segment growing at a rate of 25 percent in 2001 compared to a 31 percent decline in growth in the semiconductor market.
"Notable sectors achieving more than 40 percent growth were networking, memory, chip infrastructure and peripherals," said Jim Tully, chief analyst, Gartner. IP revenue growth by block type shows Memory with a growth rate of nearly 65 percent.
Of the applications surveyed, the communications market led with revenues of $449 million. This parallels Virage Logic's own market breakout, with over 60 percent of the company's revenue coming from communications applications.
"We are very pleased to be the fastest growing North American semiconductor IP company among the top 10. We have an exceptional business model that enables us to grow revenues from both the initial IP licenses as well as ongoing IP royalties. As memory continues to be integrated onto SoC designs, taking up as much as 60 percent of the chip, our growth has reflected the trend away from standalone memory," said Adam Kablanian, CEO at Virage Logic.
Indeed, Virage Logic's market leadership also reflects this trend. Gartner data shows that Virage Logic is the leader in the embedded memory IP market, with 34.2 percent of the total market worldwide.
About Virage Logic
Virage Logic Corp.
Company Contact:
Dale Prull
Virage Logic Corp.
Tel. 510 360 8095
dale.prull@viragelogic.com
Agency Contact:
Jennifer Bader
McClenahan Bruer Communications
Tel. 503 546 1014
jennifer@mcbru.com
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