LOGIC DEVICES REPORTS FIRST QUARTER OF FISCAL 2001

SUNNYVALE, Calif. (January 23, 2001) - LOGIC Devices Incorporated (Nasdaq: LOGC), today reported revenue and earnings for the three months ended December 31, 2000. Revenues for the quarter increased 2% from $3,009,800 for the quarter ended January 2, 2000 to $3,058,000 for the quarter ended December 31, 2000. The Company recorded an 11% increase in earnings from $88,000, or $0.01 per share, for the fiscal 2000 quarter, to $97,300, or $0.01 per share, for the fiscal 2001 quarter.

"In spite of the general slowing of economic activity, we were able to achieve modest gains in both revenues and earnings," stated Bill Volz, president of LOGIC Devices. "Although wafer fabrication capacity remains tight, the fourth quarter pause in semiconductor growth allowed us to obtain additional wafers of selected products, for which our sales forecasts exceeded our inventory position. Currently, we do not believe the industrial markets our products serve will be significantly impacted by the slowing economic conditions, particularly when compared with other companies with higher exposure to consumer-related products."

"Finally, we are very pleased that the difficult actions we took in the past year to strengthen our balance sheet, now position us to weather a tech slow down should the current softness continue or worsen, concluded Volz.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements in this press release regarding expectations of future events are "forward-looking statements" involving risks and uncertainties, including, but not limited to, market acceptance risks, the effect of economic conditions and shifts in supply and demand, the impact of competitive products and pricing, product development, commercialization and technological difficulties, availability of capital, and capacity and supply constraints. Please refer to the Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) for a discussion of risks in the most recent LOGIC Devices Annual Report on Form 10-K and the quarterly report under Form 10-Q.

Established in 1983, LOGIC Devices develops and markets high-performance integrated circuits. The Company's products are utilized to perform digital video processing in high definition broadcast studio equipment, medical diagnostic imaging systems, and smart weapons systems. The Company's products are also utilized in high-performance telecommunications and networks.