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
"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
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.
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: http://www.intersil.com/
About ParthusCeva, Inc.
Further information about ParthusCeva
A PDF copy of this press release is also available here
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