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SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 31, 2001-- inSilicon Corporation (Nasdaq:INSN), a leading provider of semiconductor intellectual property (IP) communications platforms, today announced a technology licensing agreement with Oki Electric Industry Co., located in Tokyo, Japan. The agreement provides for the use of inSilicon's enabling USB (Universal Serial Bus) communications technologies in Oki's System-on-Chip (SOC) LSI development.

Under the terms of the agreement, Oki will license USB 2.0 and USB 1.1 communications semiconductor intellectual property (IP) technology from inSilicon to provide optimized solutions to the LSI semiconductor market. Oki offers a total environment for the development of system-on-chip LSI system software and hardware, including portable, terminal devices, and PC peripherals.

``Oki is noted for its timely digital communication solutions for system-on-chip LSIs,'' said Robert Nalesnik, vice president of marketing of inSilicon. ``Utilization of our USB technology reinforces their strategy of supporting customers with system-proven, optimized solutions. For their customer, this ensures device interoperability and effectively shortens and simplifies the development process.''

``Customers are looking for an efficient, on-chip means of quickly deploying communications connectivity,'' said Masasuke Kishi, General Manager of Silicon Platform Architecture Department, LSI Division Silicon Solution Company, Oki Electric Industry, Inc. ``Licensing inSilicon's USB technology allows our customers to simplify complex integrated circuit development and thereby gain significant time-to-market advantages.''

About inSilicon

inSilicon Corporation is a leading provider of communications platforms used by semiconductor and systems companies to design systems-on-chip that are critical components of innovative wired and wireless products. inSilicon's technology provides customers faster time-to-market and reduced risk and development cost. The company's broad portfolio analog and mixed-signal products and enabling communications technologies, including the JVX(TM) and JVXtreme(TM) Java(TM) Accelerators, Bluetooth, Ethernet, USB, PCI, and IEEE-1394 are used in a wide variety of markets encompassing communications, consumer, computing, and office automation. Information about inSilicon products and technologies is available at http://www.insilicon.com.

About Oki

Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer headquartered in Tokyo, Japan. With more than 25,000 employees worldwide, Oki Electric provides customers with top-notch products and technologies for telecommunication systems, information systems and electronic devices through its corporate slogan ``Oki, Network Solutions for a Global Society.'' Oki's all manufacturing facilities are ISO9001 and ISO14001 certified. Visit Oki's global web site at www.oki.com.

``Safe Harbor'' Statement under the Private Securities Litigation

Reform Act of 1995:

In addition to the historical information contained herein, statements in this press release may contain forward-looking statements within the meaning of the Federal securities laws and are subject to the safe harbors created thereby. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: the risks that products will fail to achieve market acceptance, the timing of customer orders, delays in the design process, the length of inSilicon Corporations' sales cycle, inSilicon Corporation's ability to develop, introduce and market new products and product enhancements, changes in product mix or distribution channels; the demand for semiconductors and end-user products that incorporate semiconductors; technological difficulties and resource constraints encountered in developing and/or introducing new products; natural disasters/acts of God; and other risks both domestic and international. Forward-looking statements contained in this press release regarding expected financial results, industry trends, sales and future product development and business strategies and activities should be considered in light of these factors and those factors discussed from time to time the Company's public reports filed with the Securities and Exchange Commission, such as those discussed under ``Risk Factors''' in the Company's report on form 10-K filed in December 2000.

inSilicon, JVX, and JVXtreme are trademarks of inSilicon Corporation. Java is a trademark of Sun Microsystems, Inc. All other trademarks are the property of their respective owners.

     inSilicon Corporation
     Bob Young, 408/570-1656
     bob_young@insilicon.com
      or
     Morgen-Walke Associates
     Teresa Thuruthiyil, 415/296-7383 (Investor Relations)
     Peter DeLauzon, 415/296-7383 (Financial Media Relations)