Virage Logic Partners with MTEK I&C to Bring Its Advanced Silicon Aware Intellectual Property (IP) to the Korean Design Community

SEOUL, South Korea & FREMONT, Calif.—(BUSINESS WIRE)—December 10, 2007— Virage Logic Corporation (NASDAQ: VIRL), the semiconductor industry's trusted IP partner and pioneer in Silicon Aware IP(TM), and Korean-based MTEK I&C Co. Ltd., a provider of equipment and infrastructure for radio frequency (RF) solutions, today announced a partnership agreement to service the IP needs of Korean design engineers. The agreement will enable MTEK I&C to sell and support Virage Logic's advanced IP solutions in the Korean SoC market. By offering Virage Logic's robust, silicon proven portfolio of semiconductor IP - including embedded memories, logic libraries and Double Data Rate (DDR) memory controller solutions - MTEK I&C is helping customers meet their complex SoC design requirements and achieve increased predictability and manufacturability.

"MTEK I&C is pleased to offer our customers the advanced Silicon Aware IP solutions Virage Logic pioneered," said Harold Kim, chief executive officer, MTEK I&C. "We look at this partnership as an opportunity to strengthen our image and advance our product portfolio by partnering with an extremely well-respected IP provider and offering valuable new products and services to enhance our customers' silicon designs."

"Virage Logic looks forward to partnering with MTEK I&C and distributing our advanced silicon aware IP solutions to Korea's rapidly growing SoC design community," said Pete Rodriguez, chief marketing officer, Virage Logic. "We are excited to add MTEK I&C to the list of more than 300 companies around the world who consider Virage Logic their trusted IP partner. The agreement with MTEK I&C will give us a local presence so we can easily provide Korean engineers with the solutions and technical support they need to increase their yields and maximize profitability."

About Silicon Aware IP

To help SoC designers address the complex predictability and manufacturability challenges at advanced process nodes, in 2005 Virage Logic pioneered a new class of semiconductor IP called Silicon Aware IP. The company's Silicon Aware IP offering (embedded memories, logic libraries and I/Os) includes silicon behavior knowledge for increased predictability and manufacturability. This intelligence includes hardware implementations for optimal yield in the design phase and extends to include test, repair, and diagnostics for manufacturability. Because Silicon Aware IP understands the behavior of silicon and is able to address post-silicon issues, it is key in helping designers maximize yield, lower test escapes, increase reliability, speed time-to-volume and improve overall manufacturability.

About MTEK I&C Co., Ltd.

Founded in 1999, MTEK I&C specializes in providing equipment and infrastructure for radio frequency (RF) solutions. MTEK I&C distributes products for commercial electrical, RF infrastructure, handset, broadband, military and satellite markets as well as RF-detecting components. For more information about MTEK I&C's products and services, visit at www.mtekic.co.kr.

About Virage Logic

Founded in 1996, Virage Logic Corporation (NASDAQ: VIRL) rapidly established itself as a technology and market leader in providing advanced embedded memory intellectual property (IP) for the design of complex integrated circuits. Today, as the semiconductor industry's trusted IP partner, the company's Silicon Aware IP offering (embedded memories, logic libraries and I/Os) includes silicon behavior knowledge for increased predictability and manufacturability. Through its recent acquisition of Ingot Systems, the company has expanded its product offering to include Application Specific IP (ASIP) solutions such as Double Data Rate (DDR) Memory Controllers and design services. 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, computer and graphics, automotive, and defense markets. The company uses its FirstPass-Silicon Characterization Lab(TM) 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 named the 2006 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.

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 company trends, business outlook and technology leadership. 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 improve its operations; its ability to forecast its business, including its revenue, income and order flow outlook; Virage Logic's ability to execute on its strategy; Virage Logic's ability to continue to develop new products and maintain and develop new relationships with third-party foundries and integrated device manufacturers; adoption of Virage Logic's technologies by semiconductor companies and increases or fluctuations 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, to receive accurate information necessary for calculating royalty revenues and to collect royalty revenues from customers; business and economic conditions generally and in the semiconductor industry in particular; competition in the market for semiconductor IP platforms; and other risks including those described in the company's Annual Report on Form 10-K for the period ended September 30, 2006, and in Virage Logic's other periodic reports filed with the SEC, all of which are available from Virage Logic's website (www.viragelogic.com) or from the SEC's website (www.sec.gov), and in news releases and other communications. Virage Logic disclaims any intention or duty to update any forward-looking statements made in this news release.

All trademarks are the property of their respective owners and are protected herein.

Contact:

Virage Logic Corporation
Sabina Burns, 510-743-8115
Email Contact
or
McClenahan Bruer Communications
James McIntyre, 503-546-1016
Email Contact




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