Virage Logic and MIPS Technologies Present Technical Webinar for Embedded Consumer Applications

MOUNTAIN VIEW & FREMONT, Calif.—(BUSINESS WIRE)—November 9, 2006— Virage Logic Corporation (Nasdaq: VIRL), a pioneer in Silicon Aware IP(TM) and leading provider of semiconductor intellectual property (IP) platforms, today announced that it will team with MIPS Technologies, Inc. (Nasdaq:MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications, to present a free online technical webinar titled, "Accelerating Silicon Success for Embedded Consumer Applications with MIPS Technologies and Virage Logic Core-Optimized IP Kits." The live webinar 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 free, one-hour webinar is available at http://seminar2.techonline.com/s/viragegr7_nov1606.

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 target the MIPS32(R) 24K(R), 24KE(TM) and 34K(TM) families of high-performance, low-power processor cores for manufacture on TSMC's 90nm 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.

"The performance benefits of the 24K, 24KE and 34K core families have been greatly enhanced with Virage Logic's optimized high speed physical IP," said Pete Del Vecchio, product marketing manager at MIPS Technologies. "We're pleased to be part of a development effort that enables our customers to minimize their design time and reduce product costs."

"The webinar with MIPS will provide an opportunity for designers to learn how to access the jointly-developed Core-Optimized IP Kits specifically tuned to enhance the performance of MIPS processor cores," said Jim Ensell, senior vice president of marketing and business development for Virage Logic. "As the semiconductor industry's trusted IP partner, Virage Logic is committed to providing our customers with integrated solutions to address embedded consumer application challenges."

This webinar is the sixth in a series of eight Virage Logic-sponsored educational webinars addressing timely and critical design challenges facing SoC designers. Each webinar in the series features a different industry-leading company from Virage Logic's VIP Partner Program and will provide an integrated approach to helping SoC designers successfully leverage the most advanced technologies available for accelerating their silicon success. For information on Virage Logic's 2006 Technical Webinar Series, visit http://www.viragelogic.com/render/12_01_00.asp?pageid=549.

About MIPS Technologies

MIPS Technologies, Inc. (Nasdaq:MIPS) 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) 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 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 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
MIPS Technologies
Cathy Browne, 650-567-5178
Email Contact
or
McClenahan Bruer Communications
Venera Cushman, 503-546-1035
Email Contact




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