MIPS-Based Cell Phones and Digital Cameras Examples of Battery-Powered Devices Targeted by MegaChips

TOKYO and OSAKA, Japan, August 30, 2004 - MIPS Technologies, Inc. (Nasdaq: MIPS) and MegaChips LSI Solutions Inc., (MCL), announced today that MCL has standardized upon the MIPS32® architecture for a range of battery-powered consumer electronics applications. SOCs based upon the MIPS32 4KE™ core family are expected to ship to system OEMs throughout Japan and Asia by calendar year 2005. Already the MIPS® architecture is powering a range of mobile devices from leading consumer electronics manufacturers due to the technology's ability to deliver high performance using small power budgets.

"We chose the 4KE core family for mobile markets, such as cellular phones and digital cameras, because we believe that we can accelerate design time, manufacturing and customer support more than ever by effectively utilizing the wide range of optimized software available on the industry standard MIPS architecture," said Yukihiro Ukai, president of MegaChips LSI Solution, Inc.

"Over the past twelve months, we have doubled the number of MIPS licensees in Japan as our architecture continues to gain broad acceptance as the technology-of-choice for consumer electronics applications," said Jack Browne, vice president of worldwide sales at MIPS Technologies. "MegaChips is the latest customer who has standardized upon the MIPS architecture to deliver products that will enhance the user experience in a range of battery-powered devices. Their choice of a MIPS core further underscores how system design requirements are changing to adopt technology that delivers the unique combination of performance and power at the right cost point."

About MIPS32 4KE™ Core Family

The 4KE family of processor cores offers up to 233 MHz in a 0.13 micron process and a typical performance of over 356 Dhrystone MIPS. Features such as code compression, larger writeback cache memories and power-saving techniques give SOC designers the flexibility to optimize their applications by maximizing performance or minimizing power consumption, making the 4KE cores an ideal solution for a wide range of cutting-edge applications, from ultra low power mobile devices to high-performance broadband networking products.

About MegaChip LSI Solutions

MegaChips LSI Solutions was established as an independent subsidiary in April 2004, following the group wide restructuring. MegaChips, as research and development type of company, has been developing intellectual properties on graphics, audio and network related technologies, and MCL has inherited them as the base technologies to develop application specific LSI (ASSP) for the emerging mobile devices market. As the core company of the MegaChips group, MCL is enhancing its presence in the rich media area by expanding the business from high performance products to standard products, and also by developing a product enables complex features in one chip. Please visit http://www.lsi.megachips.co.jp/ for more details.

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, California, and can be reached at (650) 567-5000 or www.mips.com.