MIPS Is Back, With An Eye on AI

MADISON, Wis. — MIPS has returned to Santa Clara as an independent company, fresh with VC gold, and — it says — ready to hire.

Tallwood Venture Capital, a U.S. venture capital firm, led the acquisition of MIPS from Imagination Technologies last October. Tallwood has been joined by Paxion Capital Partners as investors in MIPS. There also appears to be another VC — unnamed at this point — pitching in soon.

MIPS' prodigal return to the Bay Area is welcome news for MIPS team members who’ve stuck it out through thick and thin.

Reportedly, MIPS clients and OEMs are equally delighted to learn that MIPS is returning to its embedded roots, Majid Bemanian, MIPS’ director of marketing, told EE Times. The processor core IP supplier held meetings with present, past and future customers and OEMs in a private suite at the Consumer Electronics Show in Las Vegas last week, he said.

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