MIPS32 Processor Architecture Adopted by Sony

TOKYO, Japan, May 17, 2004 - MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, today announced it has licensed its industry-standard MIPS32® architecture to Sony Corporation.

"For decades, the MIPS architecture has been the technology-of-choice for the digital consumer marketplace." said Jack Browne, vice president of worldwide sales at MIPS Technologies. "Using our 32-bit architecture as the basis for their next-generation of processor cores, our licensees will be able to leverage the technology's high performance characteristics and unique features to develop products that meet the demanding requirements of consumer devices."

About the MIPS32 Architecture
The MIPS32 architecture sets a new performance standard for 32-bit embedded microprocessors. As a foundation of MIPS Technologies' roadmap, it provides upward compatibility to the MIPS64® architecture and features a robust instruction set of powerful instructions specifically designed for a wide spectrum of embedded applications. Today, MIPS Technologies' licensees are using the MIPS32 architecture and its core derivatives to develop a range of embedded applications ranging from ultra low power devices, such as smart cards and digital cameras, to high performance printers, copiers and digital televisions.

About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and business applications. The company drives the broadest architectural alliance that is delivering 32- and 64-bit embedded RISC solutions. The company licenses its intellectual property to semiconductor companies, ASIC developers and system OEMs. MIPS Technologies and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. The company is based in Mountain View, Calif., and can be reached at +1 (650) 567-5000 or www.mips.com.