MOUNTAIN VIEW, Calif., - Dec. 9, 2005 - NetLogic Microsystems, Inc. [NASDAQ: NETL], a leader in the design and development of knowledge-based processors, today announced it has received the “Outstanding Financial Performance by a Public Company” award from the Fabless Semiconductor Association (FSA). NetLogic Microsystems was recognized with the award during the FSA’s Awards Dinner Celebration on December 8, 2005 in Santa Clara, Calif. This is the third consecutive Outstanding Financial Performance award the company has received from the FSA.

The annual FSA event celebrates leadership in the fabless semiconductor industry by recognizing companies that have demonstrated excellence through their success, vision, strategy and future opportunity.

"NetLogic Microsystems repeats its strong financial track record, winning its third consecutive award from the FSA for outstanding financial performance," stated Jodi Shelton, co-founder and executive director of the FSA. "We congratulate NetLogic Microsystems, a member since 2000, on once again attaining this impressive financial benchmark."

“We are honored to receive this award from such a well-respected association like the FSA,” said Ron Jankov, president and CEO of NetLogic Microsystems. “Our ability to achieve this kind of financial performance during volatile market conditions validates our technology leadership and outstanding teamwork. We expect this revenue momentum to remain strong, as 10 Gigabit Ethernet infrastructure continues to be rapidly adopted and networks are upgraded with next generation, carrier class products that are enabled by our knowledge-based processors."

NetLogic Microsystems’ knowledge-based processors are designed into systems offered by leading networking OEMs, including AlaxalA Networks Corporation, Alcatel, ARRIS Group Inc., Cisco Systems, Inc., Extreme Networks, Inc., Foundry Networks, Inc., Force10 Networks, Fujitsu Limited, Hitachi, Ltd., Huawei Technologies Co., Ltd., and Juniper Networks Inc..  Knowledge-based processors have now penetrated virtually every point in the newly emerged Internet Protocol based triple-play communications network for voice, data and video.  Vital to the successful design of the knowledge-based processors is the use of parallel processing and deep pipelining techniques, which allow the device to handle multiple tasks while maintaining high throughput rates.  The outcome is that multiple decisions may be made simultaneously for quality of service, access control and voice and video packet forwarding, which significantly increases system performance and allows for IPv6 packet processing at full 10 gigabit wire speed.

About NetLogic Microsystems

NetLogic Microsystems, Inc., a fabless semiconductor company located in Mountain View, Calif., designs, develops and markets high performance knowledge-based processors for a variety of advanced Internet, corporate and other networking systems, such as routers, switches, network access equipment and networked storage devices. NetLogic Microsystems’ knowledge-based processors use advanced processor architecture and a large knowledge database containing network and network user information to make complex decisions about individual packets of information traveling through the network. Knowledge-based processors significantly enhance the ability of networking OEMs, to supply network service providers with systems offering more advanced functionality for the Internet, such as voice transmission over the Internet, or VoIP, virtual private networks, or VPNs, and streaming video and audio. NetLogic Microsystems also provides NPU interface knowledge-based processors solutions to Intel and AMCC network processors that accelerate design and development of leading-edge networking equipment. For more information about products offered by NetLogic Microsystems, call 650.961.6676 or visit the NetLogic Microsystems Website at http://www.netlogicmicro.com

NetLogic Microsystems and the NetLogic Microsystems logo are trademarks of NetLogic Microsystems, Inc. All other trademarks are the sole property of their respective holders.

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"Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding NetLogic Microsystems' business, including, but not limited to, revenue projections, which are not historical facts may be "forward-looking statements" that involve risks and uncertainties. Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to, customer acceptance and demand for our products, the volume of sales to our principal product customers, manufacturing yields for our products, the timing of manufacture and delivery of product by our foundry suppliers, the length of our sales cycles, our average selling prices, the strength of the OEM networking equipment market and the cyclical nature of that market and the semiconductor industry. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our Forms 10-Q and 10-K, as well as other reports that NetLogic Microsystems files from time to time with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and NetLogic Microsystems undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.