Expansion to Better Service Existing Customers and Meet the Increasing Demands of China's Rapidly Growing Fabless Semiconductor Market
FREMONT, Calif, and SHANGHAI, China--March 5, 2007--To better service the company's established China customer base and rapidly growing China fabless semiconductor market, Virage Logic Corporation (NASDAQ:VIRL), the semiconductor industry's trusted IP partner and pioneer in Silicon Aware IP(TM), today announced distributor relationships with Hyperform Technologies and OnePass Solutions. The distributor engagements establish a direct sales and support channel to better service Virage Logic's long standing fabless customers and provide a solid infrastructure to service the rapidly growing China fabless market. Initial sales and support services will be focused at consumer and large, government sponsored companies concentrated in the Beijing, Shenzen and Shanghai technology regions.
"As the semiconductor industry's trusted IP partner to more than 300 companies, we've seen first hand the industry's move to a more specialized, fabless model, and the resulting demand for silicon proven, technical differentiated semiconductor IP," said Brani Buric, senior director of strategic business solutions for Virage Logic. "China represents the most rapidly growing fabless semiconductor market and we look forward to working with regional and technology experts Hyperform and OnePass to best service this important market."
"Virage Logic's broad portfolio of silicon proven IP is ideally suited to meet the cost, density, performance and power requirements of China's chip designers, particularly in the rapidly growing consumer and graphics applications markets," said Jianjun Liu, chief executive officer (CEO) of Hyperform Technologies.
"Virage Logic's highly differentiated IP and award winning support are ideally suited to address the time-to-market and performance requirements of the China design community and we look forward to representing," said Binfeng Wang, chairman of OnePass.
For more than ten years, Virage Logic's silicon proven semiconductor IP has been a preferred choice for designers worldwide. The company's IPrima(R) Foundation semiconductor IP platforms, comprising embedded memories, logic libraries, and I/Os, enable design engineers to expedite the creation of next generation products by addressing the increasingly complex task of identifying and obtaining the semiconductor IP needed to produce successful, on-time products. Virage Logic's products and support services help system-on-chip (SoC) designers meet critical design requirements including reducing design time, silicon area, and design risks, while boosting performance and enhancing manufacturing yields.
About Hyperform Technologies
Hyperform Technologies Co., Ltd. (HTC) is a privately held high-tech company in IC and electronic design industry in China. The company was founded by senior professionals in July, 2003. Our goal is to become a leading local provider for Silicon IP, EDA solutions and design methodology services, and meanwhile we are committed to make important contributions to local electronic design industry. For more information go to: www.hyperform-da.com.
About OnePass Solutions
OnePass Solutions Ltd. is a professional EDA tools and IP provider. It was founded in July 2002, with three offices in Beijing, Shanghai and Shen Zhen. OnePass would like to introduce advanced tools and IPs to the China market, and work with Chinese customers to develop the China IC industry. For more information go to: www.ops-eda.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. 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(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 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.