AUSTIN, Texas – April 27, 2001 – Imagine a home where audio entertainment connects effortlessly from room to room. Where it’s possible, for example, to route music to and from multiple sources and locations – such as your office PC or living room entertainment center -- to speakers in your kitchen, or den, or bedroom or wherever – using Ethernet or existing home wiring or wireless technologies. The substantial emerging market for analog and digital signal processing (DSP) components to service this vision is why Cirrus Logic, Inc. (Nasdaq: CRUS), the world’s leading supplier of audio ICs, is acquiring the assets of Colorado-based Peak Audio, Inc.

With more than 80 percent market share, Peak Audio leads the commercial audio network and installed-sound audio markets based on established relationships with most of the top suppliers of commercial audio systems. Peak Audio’s products provide high-quality audio to some of the world’s most prestigious facilities including the United States Senate Chamber, the Sydney Opera House, Stadium Australia (site of the recent Olympics held in Australia), Wembley Stadium, Skywalker Ranch, and the world’s largest theme parks. Peak Audio’s products also have provided sound for three Super Bowls.

Cirrus Logic expects to leverage Peak Audio’s industry-leading skills and complementary technologies to develop a broad range of entertainment-centric audio solutions for networked environments in both the commercial and consumer audio markets.

The cash transaction is expected to close on Monday, April 30, 2001. Financial terms were not disclosed. The transaction is expected to be accretive on a cash basis within six months.

“We see a strong future in networked entertainment solutions,” said David D. French, Cirrus Logic's president and chief executive officer. “According to research firm In-Stat, the digital home network market is expected to grow from five million to more than 27 million digitally networked homes worldwide by 2004. This acquisition creates a great opportunity to develop cost-effective, networked entertainment solutions based on our combined leadership positions.”

Peak Audio Team Joins Cirrus Logic

Along with expanding Cirrus Logic's intellectual property and technological capabilities, the Peak Audio acquisition brings some of world’s leading audio technology visionaries to the company. All 18 Peak Audio technology and implementation experts will work for Cirrus Logic, including Charles Anderson, vice president of engineering, and Rich Zwiebel, vice president of marketing. Peak Audio will report to Jason Carlson, vice president and general manager of Cirrus Logic’s Consumer Products Division, but will operate as a separate organization and will remain in Boulder.

Peak Audio Technology

Peak Audio specializes in the development of digital audio products. The company’s primary product line, CobraNet, combines proprietary software, hardware and a network protocol to distribute simultaneously many channels of real-time, high quality digital audio over an Ethernet network.

CobraNet’s software protocol enables multiple channels of audio to be transmitted via an Ethernet packet, along with information about the audio such as resolution. Since CobraNet is a network, any audio input can be routed to any audio output in any combination. A system can be reconfigured in real time and can be expanded without rewiring the facility. The audio can remain in the digital domain throughout and audio sources and destinations can be located anywhere.

The patented CobraNet technology orchestrates all the data transmissions, which results in real-time audio performance and more efficient utilization of an Ethernet network with exceptional sound quality.

Examples of products on the market that incorporate Peak Audio technology include the Peavey MediaMatrix™ and the QSC Rave™ product lines.

About Peak Audio

Peak Audio is a leading technology company dedicated to the development of new technologies and products for professional audio markets worldwide. Inventors of CobraNet, CobraCAD, and MediaMatrix™, Peak Audio also offers custom networking and design solutions. Located in Boulder, Colo., the company is a expected to be a division of Cirrus Logic, Inc. as of April 30, 2001. More information can be found at www.peakaudio.com.

About Cirrus Logic, Inc.

Cirrus Logic is a premier supplier of high-performance analog and DSP chip solutions for Internet entertainment electronics. Building on its global market share leadership in audio integrated circuits and its rich mixed-signal patent portfolio, the company targets high-volume audio, storage and communications applications. Cirrus Logic sells its products under the Crystal®, Maverick™ and 3Ci™ brands as well as its own name. Founded in 1984 in Silicon Valley, Cirrus Logic operates from headquarters in Austin, Texas and major sites located in Fremont, California and Broomfield, Colorado as well as offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

# # #

Safe Harbor Provision

Any forward looking statements and all other statements that may be made in this news release that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. Please refer to Cirrus Logic’s current Form 10-K and other filings with the Securities and Exchange Commission for more information on the risk factors that could cause actual results to differ. The foregoing information represents our outlook as of the date of this news release, and Cirrus Logic undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.