MIPS Technologies and IN2FAB Technology Team to Deliver Optimized Solutions for MIPS-based[tm] SOC Design

MOUNTAIN VIEW, Calif., and BUCKINGHAMSHIRE, England, January 7, 2002 - MIPS Technologies, Inc. (NASDAQ: MIPS, MIPSB) and IN2FAB Technology, Ltd. today announced an agreement for core hardening and process re-targeting services to reduce the challenge of complex system-on-chip (SOC) design and speed customers' time to market. The agreement is the third of its kind in the last twelve months as IN2FAB joins MIPS Technologies' growing list of authorized design services companies that provide SOC and system design expertise utilizing MIPS-based[tm] technologies.

IN2FAB will offer MIPS Technologies customers process re-targeting services for MIPS' entire high-performance and low-power 32- and 64-bit processor core families.

The agreement will enable MIPS Technologies licensees to combine the flexibility of the company's microprocessor core technology with process re-targeting services from IN2FAB to rapidly target the resultant design in a matter of weeks to a chosen foundry process. Using a range of proprietary design tools, IN2FAB will re-target the optimized gate-level netlist or GDSII of the design to the chosen process. Working with a proven gate-level netlist or GDSII as a foundation provides a significant time-to-market advantage of weeks versus months when compared to the overhead associated with having to re-synthesize, verify and place and route the design.

"Getting customers to market faster with optimized solutions that are easy to implement is a cornerstone of our strategy as an enabling SOC technology provider," said Kevin Meyer, vice president of marketing at MIPS Technologies. "This agreement with IN2FAB Technology provides our licensees that require flexibility when selecting foundry process technology with an excellent resource."

"We are pleased to become part of the MIPS Technologies team that is offering optimized SOC solutions for next-generation MIPS-based designs," said Tim Regan, president and founder of IN2FAB Technology. "This agreement with MIPS Technologies allows us to rapidly re-target designs for MIPS licensees whether from the gate level or from the physical layout."

About IN2FAB Technology
IN2FAB Technology is the new name of the company formerly known as Design Resources. Design Resources was formed in 1990 and has a strong track record of providing physical design services to the semiconductor industry. The company name was changed in November 2001 to reflect the focus of the business on design re-targeting. The name IN2FAB is derived from "into fabrication" which represents the company's core business.

IN2FAB has developed unique, proprietary technology for design re-targeting. This technology enables re-targeting of custom and semi-custom physical designs as well as golden netlist migration for semi-custom designs. It is a fully automated solution that maintains original design topology, timing and hierarchy and enables re-targeting from generation to generation, fab to fab or any to any. The technology forms the basis of a service delivery from IN2FAB. The company is headquartered in the UK, with a North America Office in Scotts Valley, Ca and can be reached on +44 1234 240 562, +1 (831) 471-2094 or www.in2fab.com.

About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and network 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.

MIPS® is a registered trademark and MIPS-based[tm] is a trademark of MIPS Technologies, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.