MIPS Technologies and WIS Technologies Enter into Strategic Licensing Agreement for MIPS-Based Technology

MOUNTAIN VIEW, January 15, 2003 - MIPS Technologies, Inc. (Nasdaq: MIPS) and WIS Technologies, Inc., a pioneer in the development of superior hardware and software solutions for the multimedia communications market, today announced that the two companies have entered into a licensing agreement where WIS Technologies will incorporate a 32-bit core from MIPS Technologies in its future product line of products for the high-growth digital consumer marketplace.

To date, more than 100 licenses have been completed for the industry-standard MIPS® architectures and cores since MIPS Technologies became publicly traded. Leading OEMs and semiconductor companies, such as AMD, Atheros, Broadcom, LSI Logic, PMC-Sierra, Sony and Zoran, are developing innovative MIPS-Based™ products for high-growth markets such as digital cameras, set-top boxes, integrated digital televisions, and DVD recordable and 802.1x devices. For a listing of the latest publicly announced design wins, visit MIPS Technologies website at www.mips.com/content/Ecosystem/MIPS-basedProducts.

"As we continue to develop leading solutions for the digital consumer market place, we have come to rely upon the MIPS architecture to standardize our ongoing design programs on a common, industry-standard platform," said James L. Mannos, chairman, president and CEO of WIS Technologies. "With the wealth of optimized tools, algorithms and IP for the MIPS architecture, we will reduce overall design costs while ensuring we get to market quickly with highly competitive products."

"The agreement with WIS Technologies is another endorsement by the growing list of industry leaders that are using the MIPS architecture as the basis for their product strategy for high-growth embedded markets," said Jack Browne, vice president of worldwide sales at MIPS Technologies. "We welcome WIS Technologies to the MIPS community and look forward to their market success based upon our MIPS32 architecture."

About WIS Technologies
WIS Technologies, Inc. is a leading provider of highly integrated hardware and software solutions to support multimedia applications over both wired and wireless broadband networks. The company's suite of multimedia tools includes solutions for MPEG video encoding, MP3 audio encoding, and JPEG 2000 for still images. WIS Technologies is currently developing SoC (System on Chip) silicon for video, audio and voice compression. These innovative semiconductor solutions are designed to provide exceptionally affordable, high quality, digital audio and video products for system developers.

WIS Technologies is a venture-backed, fabless semiconductor company featuring an international team of experts in image processing and digital communication who excel at creating innovative chip designs and superior software. Leveraging its research and technology across a wide range of markets, WIS provides advanced features and unprecedented levels of integration, performance and quality, enabling complete, scalable and highly configurable multimedia communication systems.

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