MIPS64 Architecture Licensed by NEC Electronics for Next-Generation VR Series Processor Core

MOUNTAIN VIEW, Calif., - April 16, 2007 - MIPS Technologies, Inc. (NASDAQ: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications, today announced that NEC Electronics Corporation has renewed its MIPS architecture license and licensed MIPS Technologies’ 64-bit architecture for use in the company’s digital consumer ASSPs and VR Series™ line of products.  This follows the company’s earlier announcement in January when NEC Electronics licensed the MIPS32® 24KEc™ and 24KEf™ processor cores to power advanced solutions for the digital home.

“We are pleased with our 15-year collaboration with MIPS Technologies and look forward to continuing our relationship as we expand NEC Electronics’ offerings worldwide,” said Yoichi Yano, senior vice president, NEC Electronics Corporation.

“MIPS has long helped us leverage compelling design advantages and performance results that enable us to consistently innovate for the global digital living room and other embedded markets. By adopting the MIPS64® architecture, the next-generation VR Series Embedded Processor Core will be MIPS-Verified™, allowing us to offer the highest quality, robust solutions across our entire customer base,” said Shigeo Niitsu, vice president, 2nd Systems Operations Unit, NEC Electronics Corporation.

“As a global market leader in digital electronics, we are honored to extend our long-standing, successful alliance with NEC Electronics," said John Bourgoin, president and CEO at MIPS Technologies. “The growth of the digital home market continues to be remarkable and we are excited to be part of one of NEC Electronics’ impressive technology initiatives and worldwide charter.”

The MIPS64 architecture provides the essential foundation for robust, high-performance MIPS® processors and offers upward compatibility to the MIPS32 architecture. MIPS Technologies began developing its 64-bit processor architecture more than a decade ago, based on the leading-edge RISC (reduced instruction set computer) research of MIPS co-founder John Hennessy. The market acceptance of the MIPS64 architecture has significantly deepened over the years to include a number of key, high-growth markets, such as high-end digital consumer, high-end storage systems, high-performance MFP, routers and switches and in-car navigation systems. Today, more than a dozen leading companies, including, Broadcom Corporation, Cavium Networks, Raza Microelectronics, Inc., Sony Corporation, STMicroelectronics and Toshiba Corporation, are deploying the architecture in an array of consumer, business and networking applications. 

About MIPS Technologies
MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications. The company drives the broadest architectural alliance that delivers 32- and 64-bit embedded RISC solutions to the embedded market, and in combination with its licensees, offers the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products worldwide.  MIPS Technologies currently owns over 400 patent properties (patents and applications) worldwide and licenses its intellectual property (IP) to today’s leading semiconductor companies, ASIC developers and system OEMs.

Today, MIPS-Based™ designs are integrated in millions of products around the world, including broadband devices from Linksys, digital cameras from Canon, DTVs and entertainment systems from Sony, DVD Recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco and laser printers from Hewlett-Packard.  Founded in 1998, MIPS Technologies is based in Mountain View, California, with offices worldwide. For more information, please contact (650) 567-5000 or visit http://www.mips.com.