Exhibit 99.1


                    Cirrus Logic Expects Restatement Related
                to Historical Stock-Based Compensation Expenses



    AUSTIN, Texas--(BUSINESS WIRE)--March 2, 2007--Cirrus Logic Inc.
(Nasdaq:CRUS) today announced that a Special Committee of the
Company's Board of Directors has reported its principal findings to
the Board of Directors relating to its investigation into the
Company's historical stock option granting practices and related
accounting. The Special Committee conducted its investigation with the
assistance of outside independent legal counsel and independent
forensic accounting consultants.

    Based on the report of the Special Committee and on management's
preliminary conclusions and recommendations with respect to accounting
measurement dates for certain stock options granted between 1997 and
2006, the Board of Directors has concluded that the accounting
measurement dates for certain stock options granted between January 1,
1997, and December 31, 2005, differ from the recorded measurement
dates previously used for such awards. The Company therefore expects
to record material non-cash charges for stock-based compensation
expenses in certain reporting periods. The Company believes that these
charges will be material and expects to restate its financial
statements for fiscal years 2001 through 2006 and for the first
quarter of fiscal year 2007. The Company currently estimates that the
cumulative additional non-cash stock-based compensation expense to be
recorded is likely to be in the range of $22 to $24 million.
Accordingly, based on the findings of the Special Committee, and the
recommendations of management and the Audit Committee, the Board of
Directors has concluded that the financial statements, related notes
and selected financial data and all financial press releases and
similar communications issued by the Company and the related reports
of the independent registered public accounting firm relating to
fiscal periods 2001 through 2006 and the first fiscal quarter of 2007,
should no longer be relied upon.

    Management of the Company and the Board of Directors are
continuing to review the Special Committee's findings and the
circumstances that gave rise to the differences in option measurement
dates and are considering potential remedial actions. Because the
Company's stock option review and the audit or review of the results
thereof by Ernst & Young LLP, the Company's independent registered
public accounting firm, have not been completed, it is possible that
additional issues concerning stock option award accounting measurement
dates, or the time periods affected, could be identified.

    The Company is making every effort to complete its review as
quickly as possible and currently expects to be able to file any
delinquent periodic reports and all required restatements by April 18,
2007, within the extension period that the Nasdaq Listing
Qualifications Panel has granted for the Company to continue to be
listed on the Nasdaq Global Select Market.

    Safe Harbor Statement:

    Except for historical information contained herein, the matters
set forth in this news release contain forward-looking statements,
including our expectations with regards to the Company's on-going
review of historical stock option granting practices and related
accounting matters. In some cases, forward-looking statements are
identified by words such as we "expect," "anticipate," "target,"
"project," "believe," "goals," "estimates," and "intend," variations
of these types of words and similar expressions are intended to
identify these forward-looking statements. In particular, statements
regarding the status of the Special Committee's investigation, the
timing of the filing of any required restated financial statements or
whether the Company will be able to file all delinquent reports and
restatements by the deadlines prescribed by Nasdaq, our estimates for
the non-cash stock-based compensation expense and the magnitude of any
tax or accounting adjustments associated with the results of the
Special Committee's review, and the timing and effect of remedial
actions or any remediation plan associated with the grant of future
equity awards 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. These risks and
uncertainties include, but are not limited to, the final timing and
outcome of the Company's stock option review and Ernst & Young's audit
or review of those results, any additional findings by the Special
Committee, the impact of any adverse tax or accounting adjustments
resulting from the review, our ability to file required reports with
the SEC on a timely basis, our ability to meet the requirements of
Nasdaq for continued listing of our stock, future rule-making,
pronouncements, decisions, interpretations or guidance by the SEC, the
PCAOB, Nasdaq or other regulatory agencies, the on-going SEC inquiry
relating to the Company's historical stock option grants and
practices, and the risk factors listed in our Form 10-K for the year
ended March 25, 2006, and in our other filings with the SEC, which are
available at www.sec.gov

    Cirrus Logic Inc.

    Cirrus Logic develops high-precision, analog and mixed-signal
integrated circuits for a broad range of consumer and industrial
markets. Building on its diverse analog mixed-signal patent portfolio,
Cirrus Logic delivers highly optimized products for consumer and
commercial audio, automotive entertainment and industrial
applications. The company operates from headquarters in Austin, Texas,
with offices in Europe, Japan and Asia. More information about Cirrus
Logic is available at www.cirrus.com.

    Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.



    CONTACT: Cirrus Logic Inc., Austin
             Investor Contact:
             Thurman K. Case, 512-851-4000
             Chief Financial Officer
             InvestorRelations@cirrus.com