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Dr. Yervant Zorian Wins IEEE's Hans Karlsson Award for Technical Leadership and Achievement Through Collaboration.

Virage Logic Chief Scientist Recognized for Leadership, Outstanding Diplomacy, Team Facilitation, and Joint Achievement in the Computer Industry

FREMONT, Calif. -- Dr. Yervant Zorian, vice president and chief scientist at Virage Logic Corporation (Nasdaq: VIRL), a pioneer in Silicon Aware IP[TM] and leading provider of semiconductor intellectual property (IP) platforms, has garnered numerous awards for his leadership and technology innovation in embedded test and repair of semiconductor IP. Adding to his list of honors, Dr. Zorian this week received the Hans Karlsson Award for Technical Leadership and Achievement Through Collaboration from the IEEE (Institute of Electrical and Electronics Engineers) Computer Society in recognition of outstanding skills and dedication to diplomacy, and joint achievement.

The award was presented on November 1, 2006, in Southern California, at a special banquet. Deborah Cooper, president of the IEEE Computer Society, presented Dr. Zorian with the award and noted, "I am pleased to present this award to Dr. Yervant Zorian, whose seminal work in shaping the semiconductor industry honors Hans Karlsson's memory. At the core of the Hans Karlsson Award is recognition of technical leadership, diplomacy, and joint achievement. Dr. Zorian's work as a founder, leader, and advocate of IEEE Standard 1500 put to the test his honed diplomatic skills. His outstanding achievement working with a highly diverse team is testament to his exemplary leadership skills. We are fortunate to have Yervant as a leader, a colleague and friend of the IEEE Computer Society."

The IEEE Computer Society's selection committee, comprising distinguished professionals in the computer industry, selected Dr. Zorian based on nominations and recommendations from his peers. The Hans Karlsson Award recognizes teamwork in areas of the computer industry where individual aspirations, corporate, and organizational rivalry can hinder collaboration. Since its inception in 1992, the award has only been given six times.

"Yervant is a recognized visionary in the industry and a key member of the Virage Logic executive team. His contributions in the area of embedded memory test and repair helped Virage Logic define a new class of IP that we call 'Silicon Aware IP'," said Adam Kablanian, president and CEO at Virage Logic. "The benefits this IP provides in terms of yield optimization and cost savings have helped to further establish Virage Logic as the industry's trusted IP partner."

Dr. Zorian joined Virage Logic in 2000 and became an immediate catalyst for collaboration and teamwork. Dr. Zorian's work was key in Virage Logic's development of a new class of IP called Silicon Aware IP(TM). Silicon Aware IP is Physical IP, such as memories, logic and I/Os, designed with embedded Infrastructure IP for test, diagnostics, repair, and yield enhancements. The result is IP that is high yielding and enables rapid time-to-volume at advanced process nodes. In addition, Silicon Aware IP results in much higher test quality and reliability. Today, Virage Logic believes it is the leading commercial IP provider to offer Silicon Aware IP, an example of which is its Self-Test and Repair (STAR) Memory System(TM).

"I am honored to receive this prestigious award," said Dr. Zorian, in his acceptance speech. "I feel fortunate to work closely with so many talented and forward-thinking individuals in the semiconductor industry. Our teamwork has fostered system-on-chip test interoperability throughout the industry, and allowed us at Virage Logic to leverage it and extend it further to achieve self-repair in our Silicon Aware IP, and thus create innovative and exceptional results that I am extremely proud of."

A photo of Yervant Zorian is available upon request.

About Dr. Zorian

Dr. Zorian joined Virage Logic in 2000 as chief scientist. Prior to joining Virage Logic, he served as chief technology advisor at LogicVision and as a distinguished member of technical staff at AT&T Bell Labs. His responsibilities included developing and disseminating embedded test and repair solutions for IP cores, chips, boards and systems. Dr. Zorian also serves on the Board of Directors of several public and privately owned companies.

Dr. Zorian served as the IEEE Computer Society Vice President for Conferences and Tutorials as well as the Editor-in-Chief Emeritus of the IEEE Design & Test of Computers. He also participates in editorial advisory boards of IEEE Spectrum and JETTA. He has chaired numerous conferences, symposia, workshops, and the IEEE Test Technology Technical Council. He founded and chairs the IEEE 1500 Standard Working Group, and the IEEE Infrastructure IP Workshop and Design-for-Manufacturability & Yield Workshop.

Dr. Zorian has authored over 300 papers and four books, received several best paper awards, and holds fourteen U.S. patents. He is a Golden Core Member of IEEE Computer Society, Honorary Doctor of the National Academy of Sciences of Armenia, and a Fellow of IEEE. He was the 2005 recipient of the prestigious IEEE Industrial Pioneer Award. He was also selected by Electrical Engineering Times (EE Times) among the top 13 influencers on the semiconductor industry. Dr. Zorian received his master's degree in Computer Engineering from the University of Southern California, a doctorate in Electrical Engineering from McGill University and an executive master's degree in Business Administration from Wharton School of Business, University of Pennsylvania.

About the Hans Karlsson Award

This award, given by the IEEE Computer Society, was established in 1992 in memory of Hans Karlsson, chairman and father of the IEEE 1301 family of standards. The award is presented in recognition of outstanding technical skills and dedication to diplomacy, team facilitation and joint achievement, in areas of the computer industry where individual aspirations, corporate and organizational rivalry could otherwise be counter to the common good.

About the IEEE Computer Society

IEEE Computer Society is the world's leading association of computing professionals with 100,000 members in over 140 countries. Founded in 1946 and today the largest society within the IEEE, this not-for-profit organization is the authoritative provider of technical information and services for computing communities worldwide. It offers a full range of career enhancing products and services through its 124,000-article digital library, 20+ peer-reviewed print publications, distance learning courseware, online technical books, 150 technical conferences, standards development, 32 technical committees, certification for software professionals, 200 local society chapters, awards and scholarships, and much more. Visit IEEE Computer Society at http://www.computer.org.

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 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.

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