MIPS Technologies and Tality Team to Deliver SoC Solutions for MIPS-based Technology

Tality to Offer Application Platforms, Intellectual Property and Engineering Services for MIPS-Based Solutions

MOUNTAIN VIEW and SAN JOSE, Calif., July 9, 2001 MIPS Technologies, Inc. (Nasdaq: MIPS, MIPSB) and Tality Corporation, a subsidiary of Cadence Design Systems, Inc. (NYSE: CDN) today announced an agreement that will give embedded design engineers using MIPS-based technology access to Tality's expert system-on-chip (SoC) design capability and complementary intellectual property (IP). The agreement, which complements MIPS Technologies' own strategic services capability, will lower product development costs of MIPS-based solutions and speed time to market for semiconductor manufacturers and system OEMs that license MIPS® products.

Under terms of the agreement, the companies will deploy a common world-class design methodology for SoC integration of MIPS cores and develop a roadmap for application platforms based on the MIPS32 4K family of 32-bit cores and the MIPS64 5K family of 64-bit cores.

Tality, the world's largest engineering services company, will offer front-end design, integration, verification, core hardening and complete turnkey application platforms incorporating hardware and software elements. The company has begun development of bridge modules from the MIPS cores to an on-chip bus, support modules for the bus, and enhance its SoC verification environment to support MIPS-based systems. In addition, Tality has begun development of a Bluetooth application platform based on the MIPS32 4K family.

"Application platforms address a critical problem in the semiconductor industry, where increasingly complex architectures for SoC designs are consuming valuable engineering resources," said Ajay Shingal, vice president and general manager of the Digital IC Services group at Tality. "This is especially true in the communications arena. Design outsourcing has become very attractive to many manufacturers, largely because of the complexities of communication systems and the need to deploy applications in a timely manner. Our wide range of services will enable MIPS customers to get the most out of their processor cores, whether it's a synthesizable or hardened core, an SoC application platform or any other service that helps them bring their product to market."

"MIPS Technologies maintains its leadership and competitive edge in embedded electronics by focusing on our core expertise providing leading 32- and 64-bit licensable microprocessor technologies," said Derek Meyer, vice president of worldwide field operations at MIPS Technologies. "We complement our product portfolio and maximize value for our customers by partnering with companies that offer a high degree of systems-level integration know-how. Tality offers expertise in all aspects of electronic product design and knows what it takes to help manufacturers bring better products to market faster. For our customers who choose to outsource product development, Tality's world-class design experience will help them realize enormous productivity and time-to-market benefits."

About Tality
Tality Corporation, formerly the Electronic Design Services group of Cadence Design Systems, Inc. (NYSE: CDN), was launched as a separate company in October 2000. With more than 1,100 engineers located in 14 design sites worldwide, Tality is the world's largest independent provider of engineering services and intellectual property for the design of complex electronic systems and integrated circuits. Tality is headquartered at 555 River Oaks Parkway, Building #3, San Jose, California, 95134. www.tality.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.

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MIPS is a registered trademark in the United States and one or more other countries, and MIPS-based, MIPS32, 4K, MIPS64 and 5K are trademarks of MIPS Technologies, Inc. Bluetooth is a trademark of Bluetooth SIG, Inc., U.S.A. All other trademarks referred to herein are the property of their respective owners.

Media Contacts:

Jim Douglas
Tality Corporation
+1 (408) 944-7944
jimd@tality.com