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Palmchip Corporation Offers its PalmPak SOC Development Platform via the Virtual Component Exchange

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 20, 2001--Palmchip Corp., a developer of configurable semiconductor IP (intellectual property) platforms for embedded SOC (system-on-chip) integrated circuits, today announced that its PalmPak fast SOC development platform (PALM DP-1050) is now available on the Virtual Component Exchange (VCX). VCX, which was formed two years ago, is the first internet-based, regulated trading exchange floor for semiconductor IP.

``VCX provides an innovative and valuable environment for companies such as Palmchip, that develop, license, or sell semiconductor IP,'' said Melissa Jones, vice president of marketing, Palmchip Corp. ``We believe VCX will help increase the efficiency of IP exchange by streamlining and simplifying the negotiation, contract and transaction processes.''

``We're pleased to see the active participation of leading-edge IP suppliers such as Palmchip in the VCX. There is a real value to sellers in uploading their product offerings to our listing. Not only can they utilize the transaction services and tools but they also make their IP very visible and accessible to a wide variety of potential qualified buyers,'' said Andy Travers, CEO of the VCX. ``As the VCX continues to expand, it will become an even more valuable channel and significantly reduce the time and effort it takes companies such as Palmchip to complete a transaction with their customers.''

The PalmPak(TM) fast SOC development platform is an embedded SOC design product, based upon Palmchip's CoreFrame® integration architecture, that serves as a development vehicle for more complex SOC devices. The platform contains all of the peripheral functions required for a basic SOC (system-on-chip), including system and watchdog timers, programmable I/O, and interrupt and memory controllers. In addition, the PalmPak platform contains a 16450-compatible UART, which may be used for software debug, system monitoring, or data upload and download.

About Palmchip

Palmchip Corp. develops and licenses configurable semiconductor IP (intellectual property) platforms for embedded SOC (system on chip) integrated circuits. Key target applications include networking, portable communications and computing, storage, and multimedia. The company offers general-purpose platforms that contain interfaces to today's popular embedded processors. It also offers application-ready platforms. Palmchip's IP is based on its CoreFrame® integration architecture. This technology is independent of processor, I/O or foundry, allowing designers flexibility in porting IP from any number of sources. Palmchip DirectConnect(TM) partners offer a range of third-party IP, software, and design tools that are compatible with the CoreFrame® architecture. Palmchip was established in 1996 and is today a privately held company based in San Jose, Calif. (USA). It is a member of the Virtual Socket Interface Alliance and VCX. More information can be obtained at www.palmchip.com.

About VCX

The Virtual Component Exchange (VCX) is a unique business-to-business (B2B), e-commerce organization. It has created the first structured exchange for trading Semiconductor Intellectual Property (SIP) located at www.thevcx.com. The e-commerce VCX TradeFloor together with the VCX TransactionWare(TM) toolset links the engineering, procurement and legal functions of both buyers and sellers with a common toolset and language. This ultimately accelerates completed transactions between buyers and sellers so the VCX fulfills their common business imperative of getting more products to market in shorter time cycles. Visit the web site at http://www.thevcx.com.

Note to Editors: Palmchip, CoreFrame, and the palm leaf logo are registered trademarks, and PalmPak, DirectConnect, FlexiSOC and QuickConfig are trademarks of Palmchip Corp. All other trademarks are the property of their respective owners.


Contact:
     Palmchip Corp., San Jose
     Judy Dale, 408/952-2029 (Media)
     judy.dale@palmchip.com
     Anthony D. Stone, 408/952-2033 (Partner)
     anthony.stone@palmchip.com
        or
     Lee Public Relations
     Barbara Marker, 503/788-2621 (Media)
     barbara@leepr.com

Copyright 2001, Internet Business Systems, Inc.
1-888-44-WEB-44 --- marketing@ibsystems.com