MIPS32 24Kc Pro Cores Power Magnum Semiconductor's DX1 Family of Professional Video Encoders

Magnum Also Leveraging MIPS® Probe Technology for Custom Debug Tools

MOUNTAIN VIEW, Calif. - June 30, 2008 - MIPS Technologies, Inc. (NasdaqGS: MIPS), a leading provider of industry-standard architectures, processors and analog IP for digital consumer, home networking, wireless, communications and business applications, today announced that its synthesizable MIPS32® 24Kc^TM Pro processor cores are powering current and future generations of Magnum Semiconductor's DX1 family of professional video encoders. Magnum also licensed MIPS' System Navigator^TM JTAG probe technology to create custom debugging tools its customers can use to get DX1-based products to market faster.

"MIPS Technologies offers the processor cores of choice for the digital living room and beyond, with a great balance of high performance, low cost and low power consumption," said Bob Saffari, vice president of marketing for set-top and broadcast products at Magnum. "MIPS' 24Kc Pro cores help us provide the feature-rich devices our professional broadcast customers require. We are pleased to work with MIPS as we continue to develop new DX1 chips for a variety of applications."

Magnum's DX8110 Professional H.264 SD/HD Encoder and DX8112 Professional MPEG-2 SD/HD Encoder are the first two members of Magnum's sixth-generation DX1 family of video encoder products. Based on the Magnum Domino[X] media processor architecture, the DX8110 H.264 Encoder provides a scalable platform for full-featured broadcast solutions for H.264 IPTV and satellite encoder applications, while the DX8112 provides similar capabilities for digital cable infrastructure, legacy satellite and ATSC digital terrestrial broadcast encoder applications based on the MPEG-2 compression standard. The DX1 family allows system engineers to implement state-of-the-art MPEG-2 solutions for today's infrastructure, and quickly advance to H.264 for emerging opportunities with minimal impact on their overall system.

"We are pleased that an innovative company like Magnum is leveraging MIPS' processor cores and debug tools technology for its new family of professional video encoder products," said Brad Holtzinger, vice president of worldwide sales at MIPS Technologies. "Clearly the market for real-time video encoders is growing as HDTV and IPTV proliferate across products and platforms. We look forward to working with Magnum as it extends its DX1 family for this exciting market."

According to market research firm In-Stat, the MPEG encoder and transcoder market will reach 44,000 units in 2011, with the silicon TAM for real-time broadcast MPEG encoders reaching
$134 million (U.S.) in 2008.

About the MIPS32® 24K® Core Family

The MIPS32 24K core family offers performance of over 600 MHz in a 90nm G process, while minimizing design time and reducing product costs. 24K processor cores are well-suited for embedded consumer applications including digital and interactive TVs, set-top boxes and DVD players. Their low power consumption also makes them ideal for battery-powered consumer electronics such as handheld phones and portable media players. Leveraging the CorExtend® capability of MIPS Technologies' Pro Series of cores, development teams can add their own instructions and functionality to their MIPS-Based^TM SoCs, lowering development costs and accelerating their time-to-market.

About Magnum Semiconductor

Magnum Semiconductor is a leading provider of chips, software, and platforms for consumer entertainment systems and the professional broadcast infrastructure. Magnum provides the tools and technologies for recording, storing, managing, viewing, and exchanging audio and video throughout the home, and on the go. Magnum Semiconductor is headquartered in Milpitas, California, with sales and engineering offices in Canada, China, Japan, Korea, and Taiwan. Further information is available at www.magnumsemi.com.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NasdaqGS: MIPS) is the world's second largest semiconductor design IP company and the number one analog IP company worldwide. With more than 250 customers around the globe, MIPS Technologies is the only company that provides a combined portfolio of processors, analog IP and software tools for the embedded market. The company powers some of the world's most popular products for the digital entertainment, home networking, wireless, and portable media markets-including broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Mountain View, California, with offices worldwide. For more information, contact (650) 567-5000 or visit www.mips.com.