Genesis Microchip Licenses MIPS Cores to Power Next-Generation Flat-Panel Display Solutions

Processors to Drive Development of Customized Products

MOUNTAIN VIEW, Calif. –Aug 7, 2007 – MIPS Technologies, Inc. (NASDAQ: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications, today announced that Genesis Microchip Inc. has licensed a range of 32-bit MIPS® cores to drive the development of a variety of next-generation consumer display products. Under the license agreement with MIPS, the company has access to a variety of cores ranging from the entry-level MIPS32® 4KE™ Pro family to the popular 24K® Pro cores.

“As standards continue to evolve, and consumers demand more performance and functionality from their flat-panel TVs and other consumer devices, our industry is challenged to deliver increasingly sophisticated products to market,” said Behrooz Yadegar, senior vice president, Product Development at Genesis Microchip. “The efficiency and flexibility of the MIPS cores, coupled with outstanding ecosystem support, allow us to design superior, cost-efficient SoCs that contribute to our customers’ success in this competitive environment.”

“As a global provider of cutting-edge video processing technologies, Genesis Microchip is well positioned to capture a significant share of the burgeoning flat-panel display market,” said Brad Holtzinger, vice president of worldwide sales at MIPS Technologies. “We’re delighted to extend our relationship and excited to play an integral role in the development of MIPS-Based™ designs that will reinforce our position as the established leader in the digital living room.”

MIPS-Verified™ cores provide SoC designers with a tailored solution for high-performance consumer applications. Leveraging the CorExtend™ capability, the Genesis Microchip development team can add their own instructions and functionality to MIPS-Based SoCs— lowering development costs and greatly accelerating their time-to-market.

About Genesis Microchip
Genesis Microchip Inc. (Nasdaq: GNSS) is a leading provider of image and video processing systems enabling superior picture quality in flat-panel TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection® technologies and Emmy award-winning Faroudja® video technologies, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat-panel displays, digital TVs, projectors, A/V receivers and DVD players/recorders. Genesis is also the primary driver of the DisplayPort digital interface standard which enables a common, open source, royalty free, scalable interface between any flat panel display and video or data source. In addition to DisplayPort technology, the Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi(R) by Faroudja deinterlacing, TrueLife™ video enhancement, IntelliComb™ video decoding and includes over 210 patents. Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Europe, Taiwan, South Korea, China, Japan and Singapore. For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies, please visit www.gnss.com.

About MIPS Technologies
MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications. The company drives the broadest architectural alliance that delivers 32- and 64-bit embedded RISC solutions to the embedded market, and in combination with its licensees, offers the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products worldwide. MIPS Technologies currently owns more than 400 patent properties (patents and applications) worldwide and licenses its intellectual property to today’s leading semiconductor companies, ASIC developers and system OEMs.

Today, MIPS-Based designs are integrated in millions of products around the world, including broadband devices from Linksys, digital cameras from Canon, DTVs and entertainment systems from Sony, DVD Recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is based in Mountain View, California, with offices worldwide. For more information, please contact (650) 567-5000 or visit http://www.mips.com.