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NetLogic Microsystems Contact:
Don Witmer, CFO
NetLogic Microsystems, Inc.
650-961-6676
dwitmer@netlogicmicro.com

Cypress Contact:
Joe McCarthy, VP Corporate Communications
Cypress
+1-408-943-2902
jmy@cypress.com

NetLogic Microsystems Completes Acquisition of Cypress’s Standard NSE Lines

SAN JOSE, Calif., and MOUNTAIN VIEW, Calif., February 15, 2006 — Cypress Semiconductor Corp. (NYSE: CY) and NetLogic Microsystems, Inc. (Nasdaq:NETL) announced that NetLogic Microsystems has completed the acquisition of assets and intellectual property associated with Cypress’s standard Network Search Engine products.

NetLogic Microsystems acquired Cypress’s Ayama™ 10000, Ayama 20000, and NSE70000 Network Search Engine families as well as the Sahasra™ 50000 Algorithmic Search Engine family. Meanwhile, Cypress retained and continues to support its custom TCAM1 and TCAM2 products.

Under the terms of the acquisition, NetLogic Microsystems agreed to pay approximately $50 million in NETL common stock upon closing, and, if certain revenue targets are achieved in a 12-month time period, an additional $10 million in cash and up to approximately $10 million in NETL stock will be paid to Cypress.

The Sahasra algorithmic technology complements NetLogic Microsystems’s Layer 7 processing initiative and is a critical component in driving towards low-cost Layer 7 applications acceleration and security processing solutions. In addition, the NSE70000, Ayama 10000 and Ayama 20000 expands NetLogic Microsystems’ customer base and its product offerings in the high-volume, entry-level Layer 2/3 switch market, where Cypress has a strong, well-established presence.

About Cypress
Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power. Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress’s product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange under the ticker symbol CY. More information about the company is available online at www.cypress.com.

About NetLogic Microsystems
NetLogic Microsystems, Inc., a fabless semiconductor company located in Mountain View, Calif., designs, develops and markets high performance knowledge-based and content processors for a variety of advanced Internet, corporate and other networking systems, such as routers, switches, network security appliances, network access equipment and networked storage devices. NetLogic Microsystems' knowledge-based and content processors use an advanced processor architecture and a large knowledge or signature database to make complex decisions about individual packets of information traveling through the network. Content and knowledge-based processors from NetLogic Microsystems significantly enhance the ability of networking OEMs to supply network service providers with systems offering more advanced functionality for the Internet, such as application-based routing, voice transmission over the Internet, or VoIP, unified threat management (UTM) network security, virtual private networks, or VPNs, and streaming video and audio. NetLogic Microsystems' knowledge-based processors and content processors are interoperable with industry-leading CPUs, NPUs and routing/switching processors. For more information about products offered by NetLogic Microsystems, call 650.961.6676 or visit the NetLogic Microsystems Web site at
http://www.netlogicmicro.com

NetLogic Microsystems, the NetLogic Microsystems logo, NetLite and NETL7 are trademarks of NetLogic Microsystems, Inc.  All other trademarks are properties of their respective owners.

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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 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 the Company's reports on Forms 10-K and 10-Q, 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.