AUSTIN, Texas – July 3, 2003 – Cirrus Logic, Inc. (Nasdaq: CRUS), today announced the resignation of Steven D. Overly, its Senior Vice President of Administration, Chief Financial Officer, General Counsel and Secretary, for personal reasons. On July 2, 2003, W. Kirk Patterson, Vice President and Controller, was appointed acting CFO.

Mr. Patterson has over 23 years of broad financial experience and has been with Cirrus Logic for three years. Prior to joining Cirrus Logic, Mr. Patterson was employed by PricewaterhouseCooper and BP Corporation.

Outlook

The company said today that it expects revenue for its first fiscal quarter of 2004, ended June 28, 2003, to be in the low end of the company’s revenue guidance. In addition, the company expects double-digit percentage revenue growth in the September quarter. “We are pleased to see that business conditions are improving and that our backlog is substantially higher than it was 90 days ago,” stated David D. French, President and Chief Executive Officer of Cirrus Logic.

Sale of Assets

On June 30, 2003, the company closed the sale of its semiconductor test operations in Austin, Texas, to ChipPAC, Inc., which the company announced on June 26, 2003.

Cirrus Logic will announce its first fiscal quarter results in a conference call on July 23, 2003.

About Cirrus Logic

Cirrus Logic is a premier supplier of high-performance analog, mixed-signal and digital processing solutions for consumer entertainment electronics, automotive entertainment and industrial product applications. Building on its global market leadership in audio ICs and its rich mixed-signal patent portfolio, Cirrus Logic targets audio, video and precision mixed-signal applications in these growing markets. The company operates from headquarters in Austin, Texas, with offices in California, Colorado, Europe, Japan and Asia.

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Safe Harbor Provision

Except for historical information contained herein, the matters set forth in this news release, including Cirrus Logic’s expectations regarding its revenue growth in the September quarter, are forward-looking statements that are dependent on certain risks and uncertainties including such factors, among others, as the risk factors listed in the company's Form 10-K for the year ended March 29, 2003, and in other filings with the Securities and Exchange Commission. The foregoing information concerning Cirrus Logic’s business outlook 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, except as required by law.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc. All other product names noted herein may be trademarks of their respective holders.