MIPS Technologies and Agilent Technologies Announce Agreement on 32- and 64-Bit MIPS-Based Embedded Processor Cores

MOUNTAIN VIEW and PALO ALTO, Calif., September 23, 2004 - MIPS Technologies, Inc. (Nasdaq: MIPS) and Agilent Technologies Inc. (NYSE: A) today announced that Agilent has licensed the MIPS32® 4K™, 4KE™ embedded processor core families, and the M4K™ and MIPS64® 5Kc® and 5Kf™ cores. The licensing agreement also gives Agilent access to the Pro Series™ versions of these products. Using it's comprehensive SOC capabilities, Agilent will target customers in a wide range of embedded markets, including desktop printing and imaging.

"The MIPS architecture offers our design teams excellent performance, flexibility and access to a wide range of optimized software solutions and tools," said James Stewart, vice president and general manager of Agilent's ASIC Products Division. "We look forward to leveraging these new licenses to expand our offerings of cost-effective, MIPS-based solutions."

"Our relationship with Agilent is another indicator of how the MIPS architecture is becoming the technology of choice for many industry leaders," said Jack Browne, vice president of worldwide sales at MIPS Technologies. "Their decision to use our 32- and 64-bit core portfolios will ensure Agilent's MIPS-based SOC development investments are protected for years to come. We are excited about Agilent's strategy and stand ready to support their efforts."

About Agilent's ASIC Solutions
With three decades of ASIC design and manufacturing experience, Agilent offers state-of-the-art hierarchical design methodology and design-for-test capability. The company has a consistent record of first-pass success in the design and manufacture of these chips, and provides in-depth system-level design experience, assurance of supply, and total life cycle support. These strengths, combined with an extensive IP portfolio, facilitate rapid integration of quality, high-performance ASICs for applications including communications, imaging, storage and computing. More information is available at www.agilent.com/view/asic.

About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global technology leader in communications, electronics, life sciences and chemical analysis. The company's 28,000 employees serve customers in more than 110 countries. Agilent had net revenue of $6.1 billion in fiscal year 2003. Information about Agilent is available on the Web at www.agilent.com.

About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and business applications. The company drives the broadest architectural alliance that is delivering 32- and 64-bit embedded RISC solutions. The company licenses its intellectual property to semiconductor companies, ASIC developers and system OEMs. MIPS Technologies and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. The company is based in Mountain View, Calif., and can be reached at +1 (650) 567-5000 or www.mips.com.