Virage Logic Announces Retirement of Adam Kablanian from Its Board of Directors

Business Wire, Jan 11, 2008

FREMONT, Calif. -- Virage Logic Corporation (NASDAQ: VIRL), the semiconductor industry's trusted IP partner and pioneer in Silicon Aware IP[TM], today announced that Adam Kablanian will retire from the Board of Directors concurrently with Virage Logic's annual meeting of stockholders, scheduled for March 7, 2008. Mr. Kablanian is currently the chairman of the Board of Directors. He was a co-founder of the Company and served as its chief executive officer from the founding of the Company until 2007.

Dan McCranie, president and chief executive officer of Virage Logic, said, "The entire Board of Directors and management team at Virage Logic thanks Adam for his many contributions to the Company, dating from 1996 when he co-founded the Company with Alex Shubat. We all wish him great success in his new endeavors."

The record date for the Company's 2008 Annual Meeting of Stockholders is January 14, 2008.

In connection with Mr. Kablanian's retirement from the Company's Board of Directors, Dan McCranie will assume the title of chairman of the Board of Directors.

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, 2007, 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.

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