Intersil and ParthusCeva Announce Wireless LAN Licensing Partnership

Industry leaders combine WLAN and licensing expertise for 802.11 IP solutions

Milpitas & San Jose, CA, February 24, 2003 - Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high performance analog and wireless networking solutions, and ParthusCeva, Inc. (NASDAQ: PCVA; LSE: PCV), the leading licensor of digital signal processors (DSP) and applications-specific platform Intellectual Property (IP), announced today a partnership to license Intersil's 802.11 Wireless Local Area Networking (WLAN) IP to third parties.

"This partnership is a very significant development which will accelerate the deployment of WLAN technology across both business and consumer applications. Intersil is the acknowledged leader in 802.11 wireless solutions and ParthusCeva has a proven track record of delivering complex wireless technology under an IP licensing model," said Allen Nogee, senior analyst at In-Stat/MDR. "This unique combination can unlock the enormous potential of WLAN technology."

ParthusCeva will provide wireless IP expertise, sales, marketing and customer support in licensing Intersil's 802.11 Prism® Intellectual Property (Baseband Processor and Medium Access Controller) to the electronics industry. PRISM solutions are the number one deployed 802.11 WLAN technology in the industry. In addition, Intersil will supply PHY (radio front-end) products and reference designs - delivering a complete WLAN product solution to licensees. This up-integration strategy will enable new, wireless-capable products that will serve growing consumer demand for wireless connectivity wherever they live, work or play.

"The licensing of our WLAN IP is one of the next steps in addressing the needs of a growing market in which Wi-Fi is becoming pervasive and working its way into a diverse and exciting set of applications. Some of these applications required the full integration of the digital portion of the chip set," said Larry Ciaccia, vice president and general manager of Intersil's Wireless Networking Product Group. "ParthusCeva's experience in delivering complex wireless IP solutions to the semiconductor industry is a perfect complement to Intersil's WLAN expertise. Together we can generate even greater market penetration with PRISM based technology."

"ParthusCeva is a recognized leader in the licensing of wireless-IP and we wanted a partner with silicon proven, brand-recognized 802.11 IP to complement our customer base of leading semiconductor companies," said Kevin Fielding, chief executive officer of ParthusCeva. "Intersil is the recognized wireless networking leader and this new partnership will provide a convenient one-stop shop for WLAN manufacturers to add valuable IP support to their product portfolio."

The Intersil and ParthusCeva partnership delivers four powerful advantages to customer licensees:

• Intersil and ParthusCeva deliver the most complete product portfolio of 802.11 a/b/g solutions.
• Licensees receive industry leading WLAN technology, which is both silicon verified and proven interoperable in the field - a unique industry proposition.
• By leveraging the embedded/IP strategy, licensees can significantly reduce WLAN bill of materials to effectively broaden the range of products and markets that can be WLAN connected.
• Licensees can slash both development cost and time-to-market for WLAN enabled products by using the complete WLAN solution including digital/analog IP, radio front-end and reference designs.

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About Intersil
Intersil Corporation is a global semiconductor leader in the design and manufacture of high performance analog and wireless networking solutions. Intersil's product portfolios address four fast growing markets - flat panel displays, optical storage (CD and DVD recordable), power management and wireless networking. Intersil brings added customer value in providing complete silicon, software and reference design solutions to new products that enhance the computing experience for people wherever they live, work or travel. For more information about Intersil or to find out how to become a member of our winning team, visit the company's web site and career page at: www.intersil.com

About ParthusCeva, Inc.
Further information about ParthusCeva

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Safe Harbor Statement
This document contains "forward-looking statements", which are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including, without limitation, statements to the effect that the company or its management "believes," "expects," "anticipates," "plans" and similar expressions) should be considered forward-looking statements. Important factors that could cause actual results to differ from those indicated by such forward-looking statements, include uncertainties relating to the ability of management to successfully integrate the operations of Parthus and Ceva, uncertainties relating to the acceptance of our DSP cores and semiconductor intellectual property offerings, continuing or worsening weakness in our markets and those of our customers, quarterly variations in our results, and other uncertainties that are discussed in the registration statement on Form S-1 and the most recent quarterly report on Form 10-Q of ParthusCeva, on file with the U.S. Securities and Exchange Commission.

PRISM is a registered trademark of Intersil Americas Inc.
All other trademarks mentioned are the property of their respective owners.