4G Chipset Provider Sequans Communications Licenses MIPS Technologies' Processor Core

MIPS32® M14Kc™ Core to Provide High Performance, Cost-Efficiency and Low Power for Mobile Solutions

SUNNYVALE, Calif. - October 21, 2010- MIPS Technologies, Inc. (NASDAQ: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, announced today that 4G chipmaker Sequans Communications has selected its MIPS32® M14Kc synthesizable processor core for next-generation mobile solutions. The M14K family of cores is the first to leverage the microMIPS Instruction Set Architecture (ISA) which maintains 98% of the high performance of the MIPS32 architecture while reducing code size by at least 30%, translating to significant silicon cost savings.

Sequans customers are leading equipment manufacturers and mobile operators that are building its technology into mobile WiMAX and LTE networks around the globe. "We chose MIPS Technologies' M14Kc core because of its clear value proposition and alignment with our own goal of enabling mass-market 4G with solutions that are low-cost, high-performance and low-power," said Dr. Georges Karam, president and CEO, Sequans. "MIPS Technologies shows a commitment to supporting our business needs, and we look forward to a long and successful relationship with the company."

"We are pleased to work closely with Sequans to support its success in LTE," said Sandeep Vij, president and CEO, MIPS Technologies. "MIPS Technologies has a strong and growing presence in mobile infrastructure, and now has multiple inroads to the mobile handset including 4G baseband processing. The MIPS architecture, with its high performance, low power consumption and small silicon footprint, is a great fit for these demanding applications. And our new M14K cores are experiencing the most rapid rate of adoption of any cores in the history of MIPS."

About the MIPS32 M14K Core Family

The MIPS32 M14K core family-including the M14K core and the M14Kc core with integrated cache controller-provides high levels of system performance and power efficiency for extremely cost-sensitive embedded applications such as 32-bit microcontrollers (MCUs), home entertainment, personal entertainment and home networking. The M14K and M14Kc cores are the first MIPS32-compatible cores that also execute the new microMIPS instruction set architecture (ISA), achieving high performance of 1.5 DMIPS/MHz with an advanced level of code compression, translating to significant silicon cost savings. With smaller code size and efficient use of the instruction cache to lower the cost, the microMIPS ISA also helps to reduce system power consumption.

About Sequans Communications

Sequans Communications is a 4G chipmaker, supplying LTE and WiMAX chips to equipment manufacturers and mobile operators worldwide. Founded in 2004 to address the WiMAX opportunity where it is now a global leader, Sequans expanded in early 2009 to address the LTE market. Sequans chips are inside the world's leading WiMAX networks and will soon be inside LTE networks. Sequans is based in Paris, France with additional offices throughout the world, including USA, United Kingdom, Israel, Japan, Hong Kong, Singapore, Taiwan, and China. www.sequans.com.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include 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 Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com.