MIPS Technologies licenses the MIPS32 4Kc Core to Palmchip Corporation

MIPS TECHNOLOGIES LICENSES THE MIPS32TM 4KcTM CORE TO PALMCHIP CORPORATION

MOUNTAIN VIEW, Calif., January 10, 2001 - MIPS Technologies, Inc. (NASDAQ: MIPS, MIPSB), a leading provider of industry standard processor architectures and cores for digital consumer and network applications, today announced that it has licensed the MIPS32 4Kc core to Palmchip Corporation. Palmchip provides licensable system-on-chip (SoC) platforms that "pre-build" many of the basic, necessary functions in an SoC device and include interfaces to and libraries of popular embedded processors, as well as other system blocks.

"MIPS Technologies provides one of the world's leading embedded processor architectures that is used across a tremendous breadth of applications," said Melissa Jones, vice president of Marketing for Palmchip. "The MIPS32 4Kc core, combined with Palmchip's technology, will enable a rich, application-ready platform for customers who must have faster ways to design customized ICs."

Muhammad Helal, vice president of North American business development and sales for MIPS Technologies, added, "We are delighted that Palmchip is integrating the MIPS32 4Kc core into its platform solutions. Palmchip's welcomed addition to the MIPS Technologies community means smaller companies will have the benefits from the MIPS architecture."

About Palmchip Corporation
Palmchip Corporation develops and licenses configurable semiconductor IP (intellectual property) platforms for embedded SOC (system on chip) integrated circuits. Key target applications include networking, portable communications and computing, storage, and multimedia. The company offers general-purpose platforms that contain interfaces to today's popular embedded processors. It also offers application-ready platforms. Palmchip's IP is based on its CoreFrame® integration architecture. This technology is independent of processor, I/O or foundry, allowing designers flexibility in porting IP from any number of sources. Palmchip DirectConnect? partners offer a range of third-party IP, software, and design tools that are compatible with the CoreFrame® architecture. Palmchip was established in 1996 and is today a privately held company based in San Jose, California (USA). It is a member of the Virtual Socket Interface Alliance and VCX. More information can be obtained at www.palmchip.com

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, Inc. and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products.
Licensees currently include: Alchemy Semiconductor Inc., Altera Corporation, ATI Technologies Inc., Atmel Corporation, Broadcom Corporation, Centillium Communications Inc., Chartered Semiconductor Manufacturing Ltd., Conexant Systems Inc., EmpowerTel Networks (formally known as Lara Technology Inc.), ESS Technology Inc., Gemplus International S.A., Integrated Device Technology (IDT) Inc., inSilicon Corporation, Integrated Telecom Express (ITeX) Inc., LSI Logic Corporation, Macronix America Inc., Metalink Ltd., Micron Technology Inc., General Instrument Corporation (acquired by Motorola Inc.), NEC Corporation, NeoMagic Corporation, NKK Corporation, Palmchip Corporation, Philips Semiconductors International B.V., Quantum Effect Devices Inc. (acquired by PMC-Sierra Inc.), QuickLogic Corporation, Sandcraft Inc., SiByte Inc., Sony Corporation, Synova Incorporated, Taiwan Semiconductor Manufacturing Company, TeraLogic, Inc., Texas Instruments Incorporated, Toshiba Corporation and Excess Bandwidth Corporation (acquired by Virata Corporation). Numerous companies utilize MIPS-based intellectual property. MIPS Technologies Inc. is based in Mountain View, Calif., and can be reached at +1 650-567-5000 or http://www.mips.com

MIPS® is a trademark, and MIPS-basedTM, MIPS32TM and 4KcTM are trademarks of MIPS Technologies, Inc. All other trademarks are the property of their respective companies.