MIPS Technologies Accepts Resignation of Chipidea Founder Jose Franca

MOUNTAIN VIEW, Calif. - September 3, 2008 - MIPS Technologies, Inc. (NasdaqGS: MIPS), a leading provider of industry-standard architectures, processors and analog IP for digital consumer, networking, personal entertainment, communications and business applications, today announced the resignation of Jose Franca, founder of Chipidea Microelectronica, S.A., effective immediately. Professor Franca resigned to pursue his personal interests and resume his career in academics.

"We wish Professor Franca well and continue to respect him for his pivotal role in launching and leading Chipidea," said John Bourgoin, president and CEO, MIPS Technologies. "We continue to view our acquisition of Chipidea as a strategic move for MIPS that would not have been possible without Professor Franca, and we wish him well in his future endeavors."

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.