Innochip Launches Digital Audio Broadcast Chip Powered by ParthusCeva's Teak DSP Core

New 0.18 micron ASIC Chip Now Available for Digital AM/FM Radio Systems

Hsin-Chu, Taiwan & San Jose, CA - October 07, 2003 - Innochip Technology, Inc., a leading ASIC Design Services company and ParthusCeva, Inc. (Nasdaq: PCVA, LSE: PCV), the leading licensor of digital signal processors (DSP) cores and solutions to the semiconductor industry, today announced that Innochip has successfully deployed a Digital Audio Broadcasting (DAB) chip powered by ParthusCeva's Teak® DSP Core targeting the rapidly emerging high-definition digital radio market.

Digital radio, also termed DAB and HD (high-definition) Radio, is a digital radio system which is replacing existing analog AM/FM systems with interference free CD-quality sound. Also designed for multimedia applications, digital radio signals can additionally carry text, images, data and video. Digital-radio services are already operating in more than 20 countries worldwide.

Innochip's solution is a complete low-cost, low-power, programmable digital radio platform capable of multiple audio functions including DAB, HD Radio and MP3 digital audio. Based on ParthusCeva's programmable Teak DSP Core, Innochip's 0.18u System-on-Chip (SoC) is comprised of a TSMC PLL, Innochip ADC and Artisan library. The highly integrated SoC with both channel and source decoder on-chip, minimizes the number of external components and, as a result, chip size, cost and power consumption.

Innochip's digital radio SoC is capable of performing a sample data rate of 2MHz enabling a digital-radio to simultaneously receive data related services such as messages, electronic newspapers and videotext information as well as music.

Mr. HR Yeng, Innochip's President commented, "The performance level of ParthusCeva's licensable Teak DSP Core allows us to move a significant portion of the audio and multimedia processing to software. As a result, our customers benefit from the flexibility, cost and the time-to-market advantages a software programmable solution can offer."

"With Innochip, we are extending the realm of DSP technology into high-growth digital multimedia markets such as digital radio," said Gideon Wertheizer, EVP at ParthusCeva. "The emerging digital radio market and its consolidation with multimedia and telematics introduces significant opportunities for leveraging our DSP technology."

About Teak
Teak is a 16-bit fixed-point general-purpose licensable DSP core. Teak is a dual MAC architecture with parallelism capabilities. It s soft-core fully synthesizable core enables fast process and foundry migration. The low power Teak DSP design as well as its high performance makes it suitable to a wide variety of battery-powered portable applications, including speech and audio processing, multimedia and wireless communications (2/2.5 and 3G), high-speed modems, advanced telecommunication systems, and various embedded control applications.

About Innochip
Innochip Technology, Inc. is a full-service provider of custom chips to the leading electronics companies. Founded in 2000, the company's unique approach manages every step of the IC development process - from RTL coding through manufacturing and delivery of packaged and tested parts. Innochip offers one of the most comprehensive platforms for development of SOC solutions based on the strengths within complex digital and high performance AD/DA converters. Innochip is a member of TSMC Design Center Alliance, IP alliance partner, an Artisan's service net member and a ParthusCeva partner approved design service center. Innochip has experience with embedded processors, DSP, and complex digital design, which has resulted in a leading edge in quality and Time-to-Market. For more information about Innochip, please visit www.innochip.com.tw

About ParthusCeva, Inc.
Further information about ParthusCeva

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Teak is a registered trademark of ParthusCeva, Inc. All other company or product names are the registered trademarks or trademarks of their respective owners.

ParthusCeva Safe Harbor Statement

Various statements in this press release concerning ParthusCeva's future expectations, plans and prospects are "forward-looking statements", which are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including, without limitation, statements to the effect that the company or its management "believes", "expects", "anticipates", "plans" and similar expressions) should be considered forward-looking statements. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described, including the following:

• The industries in which we license our technology are experiencing a challenging period of slow growth that has negatively impacted and could continue to negatively impact our business and operating results;
• The markets in which we operate are highly competitive, and as a result we could experience a loss of sales, lower prices and lower revenue;
• Our operating results fluctuate from quarter to quarter due to a variety of factors including our lengthy sales cycle, and are not a meaningful indicator for future performance
• We rely significantly on revenue derived from a limited number of licensees; and
• Other risks discussed in "management's discussion and analysis of financial condition and results of operations--factors that could affect our operating results," in our quarterly report on form 10-q for the first quarter of 2003, filed with the U.S. Securities and Exchange Commission on May 14, 2003.

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