EZchip Semiconductor Ltd.

Condensed Consolidated Balance Sheet

(U.S. Dollars in thousands)

June 30,

December 31,

2014

2013

(Unaudited)

(Audited)

ASSETS

CURRENT ASSETS:

Cash, cash equivalents, marketable securities and deposits

$ 219,219

$ 202,865

Trade receivables, net

9,673

7,416

Other receivables

2,355

3,153

Inventories

5,974

5,969

Total current assets

237,221

219,403

NON CURRENT ASSETS:

Severance pay fund

7,594

7,416

Long term investment and others

350

364

Total non current assets

7,944

7,780

PROPERTY AND EQUIPMENT, NET

1,963

2,114

INTANGIBLE ASSETS, NET

5,242

4,127

GOODWILL

96,276

96,276

TOTAL ASSETS

$ 348,646

$ 329,700

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:

Trade payables

$ 1,177

$ 3,951

Other payables and accrued expenses

8,188

7,309

Total current liabilities

9,365

11,260

ACCRUED SEVERANCE PAY

8,470

8,164

SHAREHOLDERS' EQUITY:

Share capital

166

164

Additional paid-in capital

336,479

328,003

Accumulated other comprehensive income

194

437

Accumulated deficit

(6,028)

(18,328)

Total shareholders' equity

330,811

310,276

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$ 348,646

$ 329,700