Kawasaki Microelectronics Extends Presence into Burgeoning PON Market with MIPS-Based Topaz Subsystem

MIPS32® 24Kc™ and 24Kf™ Cores Contribute to Enhanced Performance, Accelerated Time-to-Market

MOUNTAIN VIEW, CA – March 13, 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, announced today that Kawasaki Microelectronics (K-micro) is extending its reach into the exploding Passive Optical Network (PON) market with its MIPS-Based™ Topaz advanced computing subsystem for SoCs. Powered by MIPS32® 24Kc™ and 24Kf™ processors, Topaz enables PON designers to bring high-performance applications to market more quickly and efficiently. K-micro was the first MIPS Technologies licensee with 24K silicon.

According to a recent PON, FTTH, and EAD Equipment report from Infonetics Research, worldwide PON equipment sales are expected to surge to $3 billion in 2009, up 432% from $565 million in 2005. After more than doubling between 2004 and 2005, the number of worldwide PON subscribers is expected to continue to swell from 4.1 million in 2005 to 38.0 million in 2009.

"In an increasingly competitive PON environment, the ability to deliver complex, high-performance products to market quickly and cost-effectively is critical to a company’s success," said Brad Holtzinger, vice president of worldwide sales at MIPS Technologies. "K-micro’s MIPS-Based Topaz platform provides an ideal design environment for advanced PON applications."

“The 24K core family is acknowledged throughout the industry for its superior performance, reliability and low power consumption. K-micro has developed an effective platform to enable our customers to easily implement additional functions such as home gateway, home networks, VoIP, wireless LAN in their SoC designs.” said Hideki Yoneda, executive vice president of business development, K-micro America. “After analyzing our requirements, we concluded that the 24K cores were vital to our PON strategy moving forward.”

About the MIPS32 24K® Core Family
The low-power 24K cores offer 660 MHz performance in a 90 nanometer G process, minimizing design time and reducing product costs. They are ideal for home entertainment applications as well as portable, battery powered consumer devices. The 24Kf core includes an integrated, high-performance IEEE 754-compliant floating point unit which has a certified EEMBC Basic floating-point score of more than 1300 Iterations/MHz.

ABOUT K-micro (Kawasaki Microelectronics)
K-micro’s innovative technologies and world-class design support are used in the consumer electronics, computer, office automation, networking and storage markets. The company is an active participant in industry standards organizations, including International Committee T10 for SCSI Storage Interfaces, Optical Internetworking Forum (OIF), PCI Special Interest Group (PCI-SIG), USB Implementers Forum, Digital Living Network Alliance (DLNA), Universal Plug and Play Forum (UPnP), the Digital Display Working Group (DDWG), Home Phoneline Networking Alliance (HomePNA), Multimedia over Coax Alliance (MoCA) and OCP International Partnership (OCP-IP). K-micro has design centers in Boston, San Jose, Taipei, and Tokyo. For more information, contact the company at 408-570-0555, or visit http://www.k-micro.us/.

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 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.