MIPS Mips Technologies, Inc. (MM)

MIPS Technologies, Inc. (Nasdaq:MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, today announced it is teaming with Hong Kong Science and Technology Parks Corporation (HKSTPC) to ease SoC design for startups in Asia Pacific. Through the agreement, high-performance MIPS32® processor cores—including the MIPS32 4Kc®, M4K®, 4KEc® and 24KEc™ cores in a range of processes—will be available to HKSTPC clients as part of the organization's Multi Project Wafer (MPW) and Pilot Production programs.

HKSTPC's Integrated Circuit Design Centre offers a wide range of IP services, including licensing, integration and verification. Availability of the MIPS cores through the HKSTPC portal will enable start-ups and small/medium design companies to reduce up-front risk in cost and technology selection during SoC development.

"HKSTPC provides its clients with access to the industry's most advanced technologies to speed SoC design, and we are pleased to offer access to the MIPS® architecture, the leading processor architecture for the digital home," said Mr. E. Anthony Tan, CEO of HKSTPC. "HKSTPC is dedicated to fostering technological innovation and strengthening IC development, and one of our focused areas is to nurture design innovation for start-up companies. Our clients will benefit from reduced design risk and fast time-to-market through MIPS Technologies' advanced and proven IP cores."

"HKSTPC is playing a key role in driving design innovation in Asia Pacific, and we are delighted to provide its many clients with access to our high-performance IP cores that offer a scalable basis for future development," said Art Swift, vice president of marketing and business development at MIPS Technologies. "Asia Pacific is the fastest growing region for MIPS Technologies, with our licensees there creating some of the world's most innovative SoCs for next-generation connected products. This relationship with HKSTPC will continue to drive MIPS-Based innovation and grow our already broad ecosystem of support in the region."

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTPC) is a statutory body set up by the Government of the Hong Kong Special Administrative Region. HKSTPC provides innovative and technology driven infrastructure and support facilities which include market focused clustered laboratory services enabling Hong Kong industries and services to be more competitive. It provides a full-service incubation programme for technology and design start-ups, and fosters partnerships and collaboration between industry and universities/applied research institutes through consulting, training and research programmes. HKSTPC offers advanced facilities and support services for high technology companies that include an IC Design Centre, an IC Development Support Centre, a Materials Analysis Laboratory, a Wireless Communications Test Laboratory, an Intellectual Property Servicing Centre, a Solar Energy Technology Support Centre and a Biotech Centre. More information about HKSTP is available at www.hkstp.org.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (Nasdaq:MIPS) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com.

MIPS, MIPS32 and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners.

CONTACT:  MIPS Technologies, Inc.
          Media Contact:
          Jen Bernier-Santarini
          +1 408-530-5178
          jenb@mips.com