San Jose, Calif & Kyunggi-Do, Korea - May 12, 2003 -
ParthusCeva, Inc. (Nasdaq: PCVA, LSE: PCV) the leading provider of
licensable Digital Signal Processor (DSP) cores and platform-level IP to
the semiconductor industry, together with EoNex Technologies, Inc.,
a Korean semiconductor company, today announced that EoNex is
basing its 2G, 2.5G and 3G wireless modem chips on ParthusCeva's TeakLite®
DSP Core. EoNex's TeakLite-powered modems chips are used with
current and future generation cellular standards including CDMA, W-CDMA,
and CDMA2000.

EoNex targets the fast emerging Korean and Chinese wireless
handset developers and manufacturers with its modems based on
ParthusCeva's programmable TeakLite DSP core. TeakLite enables the
development of low power handset modems and is an optimum solution for the
modem functionality, low-power speech and audio processing required by
mobile and communication devices.

EoNex has successfully developed and introduced CDMA, CDMA2000
1x single mode, W-CDMA single mode and CDMA2000 1x / W-CDMA dual mode
modem chips. EoNex is planning to expand its product line further
by the end of 2004 with triple-mode modem chips including W-CDMA/CDMA2000
1x/1x EV-DO and dual-mode modem chips for W-CDMA / TD-SCDMA. ParthusCeva
DSP cores will be powering these EoNex wireless modems chipsets.
EoNex is also developing an optimized protocol stack software that
is tightly integrated with EoNex's modem chip in the SoC
environment.

"Basing our product line on ParthusCeva's compact, low-power,
high-performance programmable TeakLite DSP core enables us to extend
handset battery life for modems running in single, dual and even triple
modes," Mr. S.B. Kim, EoNex Director of ASIC and System Department,
explained. "Our one-stop solution package of modem chip and protocol stack
software provides terminal set manufacturers with a considerable reduction
in terminal set design cycle and development cost."

"Korea and China are the fastest growing markets for 2.5 and 3G
wireless terminals," said Bat-Sheva Ovadia, ParthusCeva's Strategic
Marketing and Business Development VP. "EoNex's selection and
deployment of our TeakLite DSP core further extends our position as the
licensed DSP of choice in wireless."

About TeakLite

TeakLite is a 16-bit fixed-point general-purpose DSP core. Designed for
low power and high-performance applications such as cellular handsets, MP3
players, disk drive controllers, cordless, VoIP terminals and various
embedded control applications. TeakLite, a fully synthesizable soft core,
is a process independent core that is easily portable to any ASIC library.

The TeakLite is a member of ParthusCeva's SmartCores™ family. These
low-power, fixed-point licensable DSP cores offer a range of performance,
price and power consumption balances, addressing a wide range of
applications, from low-end, high-volume applications, such as digital
answering machines, hard disk controllers, low speed modems and Voice over
IP terminals, to high performance applications such as third generation
(3G) cellular communications, broadband modems, consumer multimedia and
Voice over IP gateways. A comprehensive portfolio of software and hardware
development tools support the SmartCores family. In addition, a large
network of third party companies offers applications, tools and design
services solutions.

SmartCores licensees benefit from the advanced architecture features,
such as:

Fully synthesizable soft core that can be ported to any process
or foundry

Code compatible allowing re-use of legacy code and
significantly shorter time to market

Low power consumption

High code density - to reduce chip cost

Cores offered at various performance levels - beginning with
single-MAC (OakDSPCore® and TeakLite®) architecture to Dual-MAC (Teak®),
Dual-MAC with Instruction Level Parallelism (PalmDSPCore®) and the
scalable, multiple MAC and extendible architecture of CedarDSPCore.

About EoNex

EoNex Technologies Incorporated provides a one-stop solution
package of tightly integrated and reliable modem chip and protocol
software to wireless terminal equipment manufacturers for a time-to-market
delivery of cost and performance-effective wireless terminal products.
EoNex, founded in Korea in 2000, designs wireless modem chips and
protocol stack software focusing on the 2.5G and 3G wireless technologies.
EoNex employees possess unique experience in development and
commercialisation of the 2G and 2.5G modem chips and protocol stack
software in the Korean CDMA market.

About ParthusCeva, Inc.

Further information about ParthusCeva

A PDF copy of this press release is also available here

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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 (formerly
called Ceva, Inc.), on file with the U.S. Securities and Exchange
Commission.