MIPS Technologies licenses 32-Bit architecture to Intrisity for development of 2-GHz processors

Intrinsity to Target Wireless and Wired Infrastructure Markets with High-Performance, Multi-Gigahertz Processor
 MOUNTAIN VIEW, Calif., April 22, 2002 -- MIPS Technologies, Inc. (Nasdaq: MIPS, MIPSB), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, announced today it has licensed its industry-standard MIPS32™ architecture to Intrinsity, Inc., an Austin, Texas-based start-up that designs maximum-performance programmable solutions for math-intensive communications, imaging and networking systems.

Intrinsity will use the 32-bit MIPS® Instruction-Set Architecture with its patented Fast14™ Technology to develop what promises to be the highest-performance MIPS-based™ embedded processors on the market.  The company recently proved its breakthrough technology with a processor-based test chip that hit speeds of 2.2 GHz in a 0.18-micron process.  Wireless and wired infrastructure applications demand more powerful solutions for real time system features. It is rare to find enough performance in an embedded processor that can solve system requirements with software through a scalable processor solution.  Scalable, programmable processors also solve system partition problems by moving functions into software previously only solved with ASICS and FPGAs, saving system development cost and time to market for changing standards.

"The MIPS32 architecture is the 32-bit gold standard in embedded processing in terms of power-efficient performance and scalability, plus it's open and licensable, which, unlike other architectures, enables us to develop truly innovative solutions," said Paul Nixon, co-founder, chairman and chief executive officer of Intrinsity.

"Intrinsity is breaking new ground and taking 32-bit embedded processing to a whole new performance level with its impressive Fast14 Technology, and we are delighted to be an enabling part of their technology," said John Bourgoin, chairman and chief executive officer of MIPS Technologies.  "Like Intrinsity, MIPS Technologies foresees tremendous growth in demand for GHz and higher embedded processors for networking and communications infrastructure. The multi-gigahertz processors that result from this agreement will further broaden an already enormous range of MIPS-based solutions available in the marketplace."

About Intrinsity:
Intrinsity, Inc. is a fabless semiconductor company enabling the creation of more powerful, real-time andintelligent embedded systems. Founded in May 1997 with headquarters in Austin, Texas, and offices in Boston and Tokyo, Intrinsity has more than 80 employees with more than nine centuries of cumulative processor design experience. For more information about the company visit its Web site at www.intrinsity.com.

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.
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 MIPS is a registered trademark in the United States and other countries, and MIPS32and MIPS-based™ are trademarks of MIPS Technologies, Inc.  All other trademarks referred to herein are the property of their respective owners.

Media Contacts:
Lee Garvin Flanagin
MIPS Technologies, Inc.
+1 (650) 567-5180
flanagin@mips.com