AUSTIN, Texas – Feb. 9, 2004 – Cirrus Logic Inc. (Nasdaq: CRUS) today announced that it has sold certain United States and foreign patents for $18 million. The patents that were sold relate to a portion of Cirrus Logic’s patent portfolio developed as part of a business that Cirrus Logic exited several years ago. After the completion of this patent sale, Cirrus Logic’s patent portfolio continues to include more than 1,100 issued and pending United States patents.

“We are pleased that we could further strengthen our balance sheet through this transaction. After paying expenses associated with the transaction, we expect to end our current quarter with total cash ranging between $194 million to $198 million, an increase from $180 million at the end of the prior quarter,” said David D. French, president and CEO of Cirrus Logic Inc.

Cirrus Logic Inc.

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 Statement

Except for historical information contained herein, the matters set forth in this news release, including our estimates of fourth fiscal quarter revenues, combined research and development and selling, general and administrative expense levels, gross margin and cash levels, expectations regarding our revenue growth opportunities, including the introduction of new products by other companies containing our components during the fourth quarter of fiscal year 2004 and calendar year 2004, and our estimates regarding future retail prices, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially from our current expectations, estimates and assumptions and the forward-looking statements made in this press release. These risks and uncertainties include, but are not limited to, the following: overall conditions in the semiconductor market; the expansion of the consumer digital entertainment electronics market; our ability to introduce new products on a timely basis and to deliver products that perform as anticipated; risks associated with international sales and international operations; the level of orders and shipments during the fourth quarter of fiscal-year 2004, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; our expectations regarding our potential cost savings; pricing pressures; hardware or software deficiencies; our dependence on subcontractors for assembly, manufacturing, packaging and testing functions; our ability to make continued substantial investments in research and development; foreign currency fluctuations; the retention of key employees; the impact of restructuring and other costs, such as work force reductions and facility consolidations; and the risk factors listed in our Form 10-K for the year ended March 29, 2003, and in other filings with the Securities and Exchange Commission. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

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