San Jose, Calif - July 03, 2003 - ParthusCeva, Inc. (Nasdaq:
PCVA, LSE: PCV) the leading licensor of Digital Signal Processor (DSP)
cores, platform-level and PLL IP to the semiconductor industry, and Chip
Express, the leading manufacturer of late-stage programmable Structured
ASICs, announced today the successful deployment of the Chip Express
0.18um CX5000 family of Structured ASIC products, incorporating
ParthusCeva 0.18um UMC-based PLL IP.

The Chip Express 0.18µm CX5000 product family utilizes the combination
of an advanced metal programmable Structured ASIC and optimized EDA system
to implement high-performance ASIC designs. ParthusCeva's innovative metal
mask programmable PLL provided the flexibility required to fulfill the
0.18um CX5000 Structured ASIC design objective of reducing application
tooling costs and design turnaround time.

"When we explained our Structured ASIC objectives for the CX5000
family, ParthusCeva's PLLXpert Online PLL compiler provided us with a
right-first-time solution optimized exactly to our design requirements,"
said Stephen Bateman, Vice President of Engineering and R&D at Chip
Express. "We are very happy with the first-time success of their
solution."

"Products addressing the burgeoning Structured ASIC market have some
very specific technical challenges. We were able to meet Chip Express'
performance and flexibility needs using our silicon proven PLLXpert
compiler PLL IP, and we were able to very quickly compile a PLL to meet
their aggressive schedule," said Kieran Flynn, PLL Business Manager at
ParthusCeva. "We are pleased with the successful production deployment of
our solution."

CX5000 0.18um Structured ASIC

The 0.18um CX5000 is an ASIC that utilizes the combination of an
advanced metal programmable Structured ASIC and optimized EDA system to
implement high-performance ASIC designs while reducing application tooling
costs and design turnaround time. ASIC designers using the CX5000 are able
to meet or exceed their design schedules and budgets without compromising
technical objectives.

The CX5000 comprises a family of pre-configured platform masterslices
that contain varying amounts of general-purpose logic, fast memory,
advanced I/Os, clock synthesis and phase management macrocells. When
combined with a mix of popular third-party tools and custom designed point
EDA solutions, the CX5000 provides not just Structured ASIC hardware, but
also a complete ASIC Platform from which to develop today's advanced SoC
ASICs.

PLL Business Unit of ParthusCeva, Inc.

ParthusCeva offers PLL IP Cores in 0.25um through 0.18um and 0.13um, to
the very latest 90nm processes, from foundry partners including, TSMC,
UMC, 1st Silicon, Silterra and a number of proprietary IDM foundries. In
addition, application-specific PLLs are available for Clock Synthesis,
Jitter Reduction, Deskew, and EMI reduction functions in Computer,
Communications and Automotive applications.

In addition, through PLLXpert Online, a web based PLL compiler,
designers can either create a custom PLL or alternatively download an
existing PLL reference design that can be fine-tuned by the designer for a
specific application. No prior training, in-depth PLL design knowledge or
additional EDA tools are required. PLLXpert Online delivers a complete
design kit including datasheets, verilog models, and the necessary files
for logic synthesis, place and route. These deliverables enable the
designer to fully validate the integration of the PLL into the IC by
optimising the PLL until it meets system requirements with immediate GDSII
delivery on final demand. For more information, visit ParthusCeva's
PLLXpert Online website at http://www.pllxpert.com/.

About Chip Express

Chip Express is a leading manufacturer of late-stage programmable
Structured ASICs (Application Specific Integrated Circuits). The company's
innovative, patented technology consolidates wafer manufacture tooling,
reduces time-to-market and minimizes the cost of initial production. The
company's Structured ASIC technology is widely used in automotive
telematics, computing peripherals, communications, high-end consumer
electronics, industrial control, medical equipment and military/aerospace
systems. Headquartered in Santa Clara, CA, Chip Express is a privately
held corporation, founded in the U.S. in 1989. A subsidiary, Chip Express
(Israel) Ltd., performs Research & Development and manages European
operations. For more information, visit http://www.chipexpress.com/.

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 - ParthusCeva

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-1and 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.