EDA Leaders Team With MIPS Technologies to Support New High-performance MIPS32(R) 74K(TM) Core Family

SAN DIEGO, Design Automation Conference -- June 5, 2007 -- MIPS Technologies, Inc., a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, today announced that EDA industry leaders Cadence Design Systems, Magma Design Automation, Mentor Graphics and Synopsys, Inc. will team with the company to provide EDA software and tools support for its new high-performance MIPS32® 74K(TM) core family. Last month, MIPS Technologies announced its next-generation 32-bit processor family-the industry's first fully synthesizable processors to surpass 1 GHz operating frequencies in TSMC 65nm process technology.

Based on a revolutionary embedded microarchitecture, the MIPS-Verified(TM) 74K core family delivers industry-leading performance with enhanced DSP capabilities-and is well suited for applications requiring increased processing power-including HD DVD, H.264, 802.11n, WiMAX and Blu-ray(TM) Disc. Unlike existing solutions that require the use of premium physical IP or costly structured logic and semi-custom design flows to achieve superior performance levels, the 74K core family is designed to work with generic standard cells, memories and back-end EDA design flows. This ensures a cost- effective implementation and a fast time-to-market. EDA solutions providers, including Cadence, Magma, Mentor and Synopsys, offer a complete suite of back- end design tools that allows SoC developers to rapidly implement physical designs and validate the correctness of each implementation.

"This is great news for our customers. Not only does our go-to-market strategy for the 74K core continue to include MIPS' robust ecosystem of standard tools, software and hardware, but our customers can be assured of rapid, reliable and first-rate industry support for their SoC design initiatives," said Jack Browne, vice president of marketing at MIPS Technologies. "We're delighted to align with our partners to offer an enhanced level of support with best-in-class EDA solutions optimized for our industry-leading 74K cores."

About MIPS Technologies

MIPS Technologies, Inc. (Nasdaq: MIPS - News) 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 more than 400 patent properties (patents and applications) worldwide and licenses its intellectual property to today's leading semiconductor companies, ASIC developers and system OEMs.

Today, MIPS-Based(TM) 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.

MIPS, MIPS32, MIPS-Verified, MIPS-Based and 74K are trademarks or registered trademarks of MIPS Technologies, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.

Partner Quote Addendum:

"MIPS continues to push the performance envelope and we're excited to be part of the rapidly growing 74K core ecosystem," said Yatin Trivedi, director, Industry Partnership Programs, Magma Design Automation. "The processing power and area- and power-efficiency of the 74K cores coupled with our best-of-breed design flows gives our customers a distinct competitive advantage as they roll out ground-breaking new products."

"The industry worldwide recognizes the MIPS architecture as a leader in high-performance processors, and we're happy to be a part of the 74K core family's supporting tool ecosystem," said Serge Leef, general manager, System- Level Engineering Division, Mentor Graphics. "Mentor offers the industry's leading co-verification tool for easier hardware/software integration, and a growing portfolio of electronic system level (ESL) design tools that deliver increased design efficiencies for systems based on the MIPS 74K core. Together, MIPS and Mentor Graphics give designers a platform on which to quickly create tomorrow's advanced electronic systems."

"This is a significant milestone for MIPS, and we're delighted to provide support for the next-generation 74K cores," said Rich Goldman, vice president, strategic market development at Synopsys. "Our collaboration will ensure that our mutual customers meet their demanding quality, cost and performance targets and deliver innovative designs to market."