MIPS Technologies Licenses 32-Bit MIPS32 4Kc Core to IDT for High-Growth Communications Market

MIPS Technologies Licenses 32-Bit MIPS32 4Kc Core to IDT for High-Growth Communications Market

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--July 16, 2001-- MIPS Technologies, Inc. (Nasdaq: MIPS, MIPSB - ), a leading provider of industry-standard processor architectures and cores for digital consumer and networking applications, today announced it licensed its 32-bit MIPS32(TM) 4Kc(TM) processor core to IDT (Nasdaq: IDTI), a leading communications IC provider.

The 4Kc core will be used by IDT to develop high-performance, system-on-a-chip (SoC) designs for the high-growth communications market. IDT will target various applications, such as line-powered office gateways/routers, Ethernet switching and storage area network systems.

``IDT and MIPS Technologies have had an extensive licensing relationship for more than 13 years, both from a CPU core and an instruction set perspective,'' said Phil Bourekas, vice president of Internetworking products at IDT. ``Licensing the 4Kc core provides a performance upgrade path for existing customers utilizing the RISController product family and enables IDT to focus its design efforts to deliver added value in the peripherals that surround the core itself.''

``Our long, successful history with IDT has led to a number of innovative, high-performance, cost-effective solutions for a variety of embedded applications,'' said Derek Meyer, vice president of worldwide field operations at MIPS Technologies. ``We are delighted to further expand the relationship with our 4Kc synthesizable core, which will enable IDT's customers to rapidly deploy high-performance, 32-bit systems, while accessing the hundreds of development tools and software that support MIPS products.''

About IDT

IDT enhances the global network with semiconductor solutions for communications companies that lead innovation and drive convergence in voice, data and wireless networks. Communications-industry leaders choose IDT for its high-performance products that accelerate time to market and boost bandwidth in the network infrastructure. IDT's communications ASSPs include telecom products, ATM switches and SARs, high-speed PHYs, communications processors, and IP co-processors; the company offers the broadest selection of FIFOs and multi-ports; and the product mix also incorporates high-performance logic, clock management products, and high-speed SRAMs.

Headquartered in Santa Clara, Calif., the Company employs approximately 4,000 people worldwide and has manufacturing facilities in California, Oregon, the Philippines and Malaysia. IDT stock is traded on the Nasdaq stock market under the symbol ``IDTI.'' Additional information about IDT is easily accessible at www.idt.com or CD-ROM by calling 800/345-7015. The investor hotline is 408/654-6420.

About MIPS Technologies, Inc.

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 650/567-5000 or www.mips.com.

Note to Editors: MIPS® is a registered trademark in the United States and one or more other countries, and MIPS32(TM) and 4Kc(TM) are trademarks of MIPS Technologies, Inc. RISController(TM) is a trademark of Integrated Device Technology, Inc. All other trademarks referred to herein are the property of their respective owners.

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Contact:
     MIPS Technologies, Inc., Mountain View
     Gerry Ziegler, 650/567-5059
     zig@mips.com
        or
     The Hoffman Agency
     Gustavo Santoyo, 408/286-2611
     gsantoyo@hoffman.com