Electronics and Telecommunications Research Institute (ETRI) to Leverage MIPS® IP Cores in Projects with Startup IC Design Companies

SUNNYVALE, Calif. — July 14, 2010 — MIPS Technologies, Inc. (NASDAQ: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, today announced that it is teaming with the Electronics and Telecommunications Research Institute (ETRI), Korea's leading research institute, to encourage SoC design innovation in Korea. Through the agreement, the ETRI IT SoC Industry Promotion Center has access to a range of high-performance MIPS32® processor cores that it can leverage in SoC design projects with startup incubator companies.

"The MIPS® architecture is well-respected throughout the world for its high-performance, low-power and elegant design, and it is used widely in digital televisions, portable media players, automotive infotainment and other consumer products. Agreements such as this agreement with MIPS Technologies make it easy for designers to adopt innovative technologies, ultimately helping to grow the IC design infrastructure in Korea. We look forward to continuing and expanding our relationship with MIPS," said Ho-Gil Cho, team leader, ETRI.

"We are pleased to work with ETRI to provide startup IC design companies with microprocessor IP options," said Art Swift, vice president of marketing at MIPS Technologies. "Companies who choose to use MIPS cores through their relationship with ETRI will benefit from cost-effective, high-performance, low-power solutions and a broad supporting ecosystem that can provide differentiation for their SoC designs. Our work with the AndroidTM platform, Adobe® Flash® Player 10.1 and other key technologies make the MIPS architecture an ideal fit for next-generation smartphones and other consumer products."

About ETRI

ETRI is a non-profit government funded research and development institute in the field of Information and Communications Technologies. The 11 R&D divisions of ETRI aim to perform their R&D activities to support new growth engines for the domestic IT industry. ETRI has successfully developed information technologies such as TDX-Exchange, High Density Semiconductor Microchips, Digital Mobile Telecommunication System (CDMA), DMB and WiBro System. Visit www.etri.re.kr for more information.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com.