Virage Logic Executives Selected to Provide IP Perspective at Several Upcoming Key Industry Event Talks

FREMONT, Calif.—(BUSINESS WIRE)—October 10, 2006— Virage Logic (Nasdaq: VIRL), a pioneer in Silicon Aware IP(TM) and leading provider of semiconductor intellectual property (IP) platforms, today announced that key executives have been invited to speak at several upcoming Silicon Valley industry events.

Jim Ensell, senior vice president of marketing and business development at Virage Logic, will be part of an informative panel session, "IP -- Building an Efficient Ecosystem," at the Fabless Semiconductor Association (FSA) Suppliers Expo & Conference. The exhibition and conference will be held on Wednesday, October 11, at the San Jose McEnery Convention Center. For additional information on the FSA Suppliers Expo, go to http://www.fsa.org, or to meet with Virage Logic's IP experts, you can request a meeting with Virage Logic at the FSA Expo.

Virage Logic's David Sowards, vice president of non-volatile memory (NVM) products, will be on a panel session entitled "The Logical Non-Volatile Memory Imperative: What You MUST Know," at the iSuppli Logic NVM event being held on Thursday, October 12, at the Hyatt Regency Santa Clara Hotel. For more information regarding this lively NVM discussion, go to http://www.logicnvmevent.com/.

Dr. Yervant Zorian, vice president and chief scientist at Virage Logic, has organized two tutorial sessions for the upcoming International Test Conference (ITC), being held October 24-26, at the Santa Clara Convention Center. The tutorials include "Test Strategies for System-in-Package" and "Design-for-Manufacturability." Dr. Zorian, an award-winning built-in self-test and repair author and industry expert, will also be moderating a special panel session featuring executives from ARM, IBM and Intel, entitled "Multicore & SoC Debug: Are Design-for-Debug Features in Reuse Cores Enough?" He will also be chairing an IEEE Workshop on "Design-for-Manufacturability and Yield" at ITC.

In addition, Ken Potts, vice president of product marketing at Virage Logic, will be delivering an informative presentation at ITC on "Optimizing SoC Manufacturability with Silicon Aware IP," and Virage Logic will be exhibiting at the event in booth #414. For more information on ITC, go to http://www.itctestweek.org/.

Virage Logic's Mary Ann White, director of business development, will also be presenting "Libraries for Consumer SoC Development," at ConfigCon Silicon Valley. Hosted by ARC International, ConfigCon is being held October 30-31, at the Hyatt Regency Santa Clara Hotel. For information and registration, go to http://www.arc.com/configcon/sanjose/intro.html.

For more information on Virage Logic, go to www.viragelogic.com.

About Virage Logic Corporation

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. 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.

SAFE HARBOR STATEMENT FOR VIRAGE LOGIC UNDER THE PRIVATE SECURITIES LITIGATION FEFORM 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 industry and company trends, business outlook and products. 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 to become a provider of semiconductor IP platforms; 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, 2005, 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
Venera Cushman, 503-546-1035
Email Contact




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