SANTA CLARA, CA, and FREMONT, CA – January 18, 2007 – Virage Logic Corporation (NASDAQ:VIRL), the semiconductor industry's trusted IP partner and pioneer in Silicon Aware IP™ today announced that it will partner with Tensilica to present a free online technical webinar titled, “Optimize for Performance or Power with Tensilica and Virage Logic Core-Optimized IP Kits.” The live webinar will be broadcast via TechOnLine on Wednesday, January 24, 2007 at 11:00 a.m. PST, and 2:00 p.m. EST. Registration and information about the free, one-hour webinar is available at http://seminar2.techonline.com/registration/distrib.cgi?s=1003&d=268.

Join this informative webinar to learn how customers can utilize easy instant access to a series of jointly developed Core-Optimized IP Kits that are specifically tuned for each of the Tensilica Diamond cores, allowing designers to optimize for performance or power requirements that can help deliver a greater competitive advantage and shorten time-to-market. The Core-Optimized IP Kits target Tensilica’s Diamond Standard processors, a set of six off-the-shelf synthesizable cores that range from area-efficient, low-power controllers to an audio processor and a high-performance DSP, all of which lead the industry in their respective categories both in lowest power and highest performance. The Core-Optimized IP Kits provide access to Virage Logic’s silicon proven embedded memory IP and standard cell libraries to meet a variety of market requirements.

“As the industry’s trusted IP partner, Virage Logic is pleased to jointly provide our mutual customers with physical IP that is tuned to optimize the performance of Tensilica’s Diamond Standard product line processor cores,” stated Ken Potts, vice president of product marketing at Virage Logic. “By making the Core Optimized IP Kits easily available on our website, this solution helps our customers to accelerate their silicon success.”

“We are pleased to work with Virage Logic to provide customers with physical IP optimized for our Diamond Standard processors,” said Steve Roddy, Tensilica's vice president of marketing. “With the introduction of the Core-Optimized IP Kits, we expect to help deliver a greater competitive advantage to our customers.”

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. Today, as the semiconductor industry's trusted IP partner, the company is a global leader in IP platforms comprising embedded memories, logic, and I/Os, and is pioneering the development of a new class of IP called Silicon Aware IP™. 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™ 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 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.

About Tensilica

Tensilica offers the broadest line of controller, CPU and specialty DSP processors on the market today, in both an off-the-shelf format via the Diamond Standard Series cores and with full designer configurability with the Xtensa processor family. Tensilica’s low-power, benchmark proven processors have been designed into high-volume products at industry leaders in the digital consumer, networking and telecommunications markets. All Tensilica processor cores are complete with a matching software development tool environment, portfolio of system simulation models, and hardware implementation tool support. For more information on Tensilica's patented approach to the creation of application-specific building blocks for SOC design, visit www.tensilica.com.

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SAFE HARBOR STATEMENT FOR VIRAGE LOGIC UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. The statements made in this news release, other than statements of historical fact, are forward-looking statements. 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 maintain its position as a leading provider of semiconductor IP; Virage Logic's ability to continue to develop new products and develop new relationships with third-party foundries and integrated device manufacturers; adoption of Virage Logic's technologies by semiconductor companies; competition in the market for semiconductor IP platforms; statements regarding the business outlook and products; statements regarding the extent and timing of future revenues and expenses and customer demand; statements made by industry analysts relating to the possible benefit to Virage Logic's leadership in embedded memory technology; 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 Securities and Exchange Commission or the SEC, all of which are available from Virage Logic's website (www.viragelogic.com) or from the SEC's website (www.sec.gov). Virage Logic does not intend, and undertakes no obligation, to update any forward-looking statements made in this news release.

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