Broadcom extends MIPS deal but does not buy firm

Peter Clarke, EETimes
7/3/2012 11:47 AM EDT

LONDON – MIPS Technologies Inc., a licensor of processor intellectual property that has been reportedly up for sale, has provided long-time customer Broadcom with a multi-faceted, multi-year patent and technology license in return for $26.5 million.

Broadcom (Irvine, Calif.), a leading fabless communications chip company, has been a MIPS licensee since 1998 and was one of the companies that it was thought could make an offer for MIPS (Sunnyvale, Calif.). However, it appears that Broadcom has instead sought to protect itself with an all-encompassing license, one-time deal.

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