IDT Expands its MIPS-Based Portfolio with MIPS32 4KEc Core To Meet Demand for High-Performance SoC Solutions

MOUNTAIN VIEW, Calif., February 23, 2004 - MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, today announced it has licensed its popular MIPS32™ 4KEc™ processor core to IDT (Integrated Device Technology, Inc.). With this agreement, IDT expands upon its 15-year history as a leading provider of high-performance solutions to the communications and networking markets using the industry-standard MIPS® architecture.

"For more than a decade we have utilized the MIPS architecture to develop unique products that exceed our customers' demand for performance, power and cost sensitivity," said Phil Bourekas, vice president and general manager of the IDT Internetworking Products Division. "Our most recent license of the 4KEc core will ensure that we continue to support network system requirements to process packets at high speeds. Additionally, our continued use of the MIPS architecture enables IDT and our customers to leverage an extensive existing code base, as well as ensure access to a broad range of industry leading tools."

"By delivering innovative MIPS-Based SoCs to performance-driven markets, IDT has established itself as an innovator and has helped the MIPS architecture become the technology-of-choice for the networking and communications industries," said Jack Browne, vice president of worldwide sales at MIPS Technologies. "We are delighted that IDT has chosen to add the 4KEc core to the company's long list of MIPS-Based products, and we look forward to continuing to support IDT as the company continues its market penetration and success."

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.