Tower Semiconductor and Virage Logic Announce License Agreement of NOVeA™ Family of Embedded Non-Volatile Memories

6/4/2002 - Tower Semiconductor (NASDAQ: TSEM, TASE: TOWER), an independent wafer foundry strategically focused on advanced flash memory and CMOS image-sensor technologies, and Virage Logic Corp. (NASDAQ: VIRL), the global leader in embedded memory technology, today announced a multiyear licensing agreement. The agreement enables Virage Logic to develop and license to Tower, and it's customers, the NOVeA family of non-volatile embedded memories on Tower's 0.18-micron technology. Tower expects the embedded memories to be available by the fourth quarter of 2002. The agreement also grants Tower the right to license Virage Logic's 0.13-micron process technology for NOVeA in the future.

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